Price has broken previous low creating a new lower low, followed by another correction creating a lower high in a corrective pattern after an impulsive move to the downside Price has also formed a double top within the corrective pattern. we need to wait to see if the price breaks this corrective pattern and move to the downside towards the support zone.
Bitcoin seems to be in a corrective stage at the moment. After each corrective stage price shoots up! So be ready to be in a buy position
Next move towards +100K
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The last time when the price reached 41K price was in correction for 27 days before breaking out with a move to the upside. Price also dropped by -31%
Currently, the price has been in a correction for 4days with a -24% drop.
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Price broke previous lower low followed by a lower high with a double top
Price is in a bearish correction at the moment, price could break the pattern and move to the downside to the support level.
If price breaks the downtrend line with a bullish engulfing candle then its buy potential
Trade active
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Buy trade active after price breakout from the trendline: