As per my last idea, BTC still looking like its meeting the $30200 (or slightly lower) prediction i made.
I don’t know about you, but that looks like a Head and shoulders formed on the daily. Next leg down and bitcoin should recover at 30200.
Looking at the bearish trend line, i suspect Bitcoin to hit 41740 and continue downwards to the next major resistance at $40100
My analysis finished with the trend line confirms a bear flag has formed in the 15 min chart, indicating a downward push for bitcoin unless it breaks the trend line in an upwards momentum.
A bounce off of the buffer line is imminent, seeing a downward momentum to 45500 or lower.
Looking at the trend line and the buffer zone, it seems bitcoin will continue the down trend into the 45000 area.
