NeutronMan

Bitcoin Analysis 6/18/22 (Bottom not in Yet)

Short
BYBIT:BTCUSDT   BTCUSDT SPOT
Bitcoin had an extremely long consolidation yesterday but the price decided to crash to the downside. This was one scenario I was aware of and it didn't seem real happening, but it happened anyways. Usually after a long consolidation there's a volatile move to the upside or downside. Since Bitcoin is in a downtrend, it was probably more likely to continue its move to the downside. Bitcoin is currently forming a Head and Shoulders pattern with a target around $17,500.
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