BINANCE:BTCUSDT   Bitcoin / TetherUS
Could we see this pattern forming for BTC?

Larger Bullish Butterfly pattern forming over the past 14 days.

Completion of the pattern would take us to 1.272 ( 29k ) or 1.618 (26k) Fib Levels. We may still go sideways for a bit before it reaches bottom.

Looking at the RSI it also broke bearish and slope is down.

Selling pressure is high. Again a break below 30k would probably set off a cascade of sell offs, so 26k isn't out of the realm of possibility. Would also align with the break out predicted by the bear pennant .

I expect at least some rally to follow. Still a strong down trend so go long at your own risk.

Let me know what you think.