The 4-hour chart is showing a bearish pennant with Elliot Waves backing it up. Bitcoin is likely going to continue its bearish momentum to see a potential reversal at previous 5.8-6k support.
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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.