Over the last year and a half, we can see that 
BTCUSD was forming a massive rising wedge pattern which usually indicates bearish reversal. We can also see the volume decreasing after each high, which is a strong indicator of the loss of momentum and potential breakdown.
The downside target forBTCUSD if it were to break down in the next few days would be around $18,700.
BTCUSD was forming a massive rising wedge pattern which usually indicates bearish reversal. We can also see the volume decreasing after each high, which is a strong indicator of the loss of momentum and potential breakdown.The downside target for
BTCUSD if it were to break down in the next few days would be around $18,700.
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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.
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.