A completion of the double top formation would send BTC down to the 6500-7000 area before rebounding back. There is Major support at the yellow trend line so the odds of going lower would be disastrous for the crypto market in general and nobody wants to see that. Unless your a bear. Bears want to see that... but they won't ... because they're bears... and they smell bad. Boo bears!
For educational and entertainment purposes only. This is not financial advice.
For educational and entertainment purposes only. This is not financial advice.
Comment:
On second thought, looking at the log-scale things play out a little differently. See:
