On the daily chart btc looks to be in big trouble!
There is an big descending triangle forming with an support at 9850.
For now after the double bottom at 9850 btc has an ascending support. If this line breaks target is the double bottom at 9850.
If btc breaks the descending line target is 13400!
If btc breaks below 9850 target is 7200-7300 if that happens there is an very big chance btc will drop even lower because btc will drop below the old descending line that was broken up!
For now stay neutral as this could be an bullish descending triangle as well btc halving happened and after the other halvings btc had an parabolic bull market!
Recap on targets
Short 9850 -7300 - 6000
Long 11100 - 12400- 13400
There is an big descending triangle forming with an support at 9850.
For now after the double bottom at 9850 btc has an ascending support. If this line breaks target is the double bottom at 9850.
If btc breaks the descending line target is 13400!
If btc breaks below 9850 target is 7200-7300 if that happens there is an very big chance btc will drop even lower because btc will drop below the old descending line that was broken up!
For now stay neutral as this could be an bullish descending triangle as well btc halving happened and after the other halvings btc had an parabolic bull market!
Recap on targets
Short 9850 -7300 - 6000
Long 11100 - 12400- 13400