There is a very real chance Bitcoin will get rejected the 3d time from the supply area, which is coinciding with the upper limit of the channel.
This rejection will cause the price to drop to $25000, thus forming a head and shoulders pattern in daily and weekly timeframes. And it wont look good from there as its very likely $25000 wont hold for too long, dropping the price even further until it establishes itself at around $16000 demand area.
Prepare for the worst. Winter is coming.
This rejection will cause the price to drop to $25000, thus forming a head and shoulders pattern in daily and weekly timeframes. And it wont look good from there as its very likely $25000 wont hold for too long, dropping the price even further until it establishes itself at around $16000 demand area.
Prepare for the worst. Winter is coming.