Taking a look at the chart we can see BTC forming a head an shoulders pattern which typically sees a move downward from the the same height as the head and shoulders pattern (marked with two short green lines on the chart).
However, we have the trend channel's support to consider. Matching these two indicators up we have a price target around the all important psychological level of 50K.
Watch for BTC to make a move down towards the 50K level before finding trend channel support and moving back up.
Buy the dip.
However, we have the trend channel's support to consider. Matching these two indicators up we have a price target around the all important psychological level of 50K.
Watch for BTC to make a move down towards the 50K level before finding trend channel support and moving back up.
Buy the dip.