BTC DO OR DIE CONDITION!!!

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BTC update:-

As per my previous chart, BTC is making this symmetrical triangle pattern and currently, it is making this bullish flag pattern but for both patterns, we have to wait for breakouts.

Here we have two scenarios

First scenario: If BTC breakout this symmetrical triangle pattern with confirmation then we can expect a bounce from here.

The Second scenario: In the second scenario we can see that it is making a bearish Flag pattern but currently, it is on the support of the Lower Level of a symmetrical triangle also if it breaks this level with confirmation then we can accept a drop up to 49,400k level.


if it breaks the lower important support then the chart will become invalid.

let's see how the market reacts in a few hours.

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Comment:

BTC Breakout done we just need a confirmation candle.

Let's see how the candle closes.

Stay tuned

Comment:

BTC breaks this bearish flag pattern. Looks like we are going to retest the $38.3k level but we have 39.4k as local support.

If the 1-hour candle closes upside the channel then it will be good for bulls.

Let's see how the 1-hour candle closes.

Stay tuned