BTC trend down, time to sell. Target 54,000!
Updated
Bitcoin has recently formed a small double top pattern. The price has already broken down from the neckline, confirming a further decline.
Speculation is high regarding the upcoming FOMC meeting and the potential rate cut they might announce. However, BTC has remained indifferent to these speculations and hasn’t shown any significant rise in recent days. If this situation persists, BTC may continue to move downwards.
Should this trend continue, BTC could potentially drop further, possibly reaching the 54Klevel.
Thank you and Good Luck!
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