BTCUSD is forming a descending triangle, even it is not in really perfect shape (caused by upward false breakout on June 13). But IMO the pattern still valid unless it's suddenly breaking upwards and closing over EMA200 line. Also, the EMA's line shown here is already crossing downwards (death cross) on June 23 which is increasing the probability to going down.
Possible downwards pointing to 25k-20k USD.
Possible downwards pointing to 25k-20k USD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.