If the RSI indicator breaks the upward trend line, a downside is waiting for Bitcoin (red circle).
The possibility of breaking this trend line is intensified by the matrix indicator(orange circle).
📊 The chart has formed a bearish trend and reached a relatively strong support of $21,400
📉 According to the signs of the matrix series indicator, we will have a small decline to around 21000
📈 But in general, the declines will be limited because we have reached the oversold area and the chart is doomed to grow, and we are also below the moving average, which...
The pattern of two peaks is one of the strong patterns of technical analysis, with which I have previously analyzed for you, and we have seen results above 10% of it, and it is still being formed. Be careful with your purchases
Is there a pattern of two valleys or two rising peaks?
If this pattern is created, there will be an incredible growth for Bitcoin!
The matrix indicator is also giving signs of an increase, which will intensify the creation of this pattern for me
This time frame has created a downward trend for some time and this trend was broken in a few candlesticks ago, and now it is time to rise in this time frame.
In case of failure of 21.4K resistance, there is a high probability of falling and short, but if in RSI don't see less than 50, growth will happen up to 26K
