TradingView
StrongBull777
Dec 11, 2021 5:52 PM

BTCUSDT 2H Short

Bitcoin / TetherUSBinance

Description

Bitcoin, after falling at the beginning of the month, rebounded and strengthened below the resistance level, which lies at the price of $ 53,000. The likelihood that it will go back to the $ 40,000 mark is very high! The volume of investments in this cryptocurrency is declining and the news background carries a lot of negative news. There is another wave of fear and panic on the market, which forces investors to withdraw their funds. We see a pennant pattern on the chart! With which, according to the rules of technical analysis, the asset must go down in price. I think the $ 40,000 price will be a new start for the uptrend !!!
Comments
dmcm10
wouldnt declining price and decling volume signal a potential reversal?
StrongBull777
@dmcm10, I think the reversal will start in the 40,000-41,000 range!
More