cryptoTradingAnalytics

BTCUSDT - Bitcoin bearish symmetrical triangle going to 20k?

BINANCE:BTCUSDT   Bitcoin / TetherUS
We are actually in an important phase for bitcoin future price movement. If the symmetrical triangle is broken at support line, the bearish pattern can be confirmed and the price can move to 20k support. If the triangle is broken at the resistance line, a short squeeze may occur. In that case we may see an upward movement till 50-52k resistance around Fib 0,618.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.