BTC opportunity to continue bearish trend
#Bitcoin
The market forms a symmetrical triangle on a downtrend, a bearish pattern, which during a breakdown will indicate a continuation of the trend. The price should not close below recent lows on a 1-day scale, otherwise we will have great chances to see a decline closer to 3000
The market forms a symmetrical triangle on a downtrend, a bearish pattern, which during a breakdown will indicate a continuation of the trend. The price should not close below recent lows on a 1-day scale, otherwise we will have great chances to see a decline closer to 3000
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#BTC
As written earlier, after breaking through the triangle, a decline will follow. BTC seems to have found an area of support near the level of 3812, this may be a good area for a rebound, but there is not enough volume to start an upward growth and most likely (even with a small rebound) the asset may decline further. If the level of 3812 does not hold up the pressure of the market, we will have great chances to see a decline closer to 3600.
As written earlier, after breaking through the triangle, a decline will follow. BTC seems to have found an area of support near the level of 3812, this may be a good area for a rebound, but there is not enough volume to start an upward growth and most likely (even with a small rebound) the asset may decline further. If the level of 3812 does not hold up the pressure of the market, we will have great chances to see a decline closer to 3600.