Bitcoin is again in a Symmetrical Triangle. If it is broken upwards it would bring the price to its local resistance. However, if it is broken down, my target might only be the first stop, the second will be filling that 1000$ gap. Pay close attention to the volume at breakout, because as we saw on my previous analysis we saw a small fakeout before breaking down. Until we break the upper resistance, my bias is still bearish.
Trade closed: target reached:
Target hit right on and got rejected from that level.
