Bitcoin has broken down from two key ascending channels and it is heading toward original breakout resistance from the previous bull flag formation at 84k.
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Bitcoin broke out of the descending channel, is now forming a cup and handle on the 4hr chart.Expect a retest of 94-93k to confirm.
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Disclaimer
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.