Bitcoin's imperfect descending triangle currently targeting a measured move to $24K volume support zone. The $20K level of VPVR strong support also lines up with the logarithmic growth support trend-line. Short term looks bearish, long-term looks like a buy the dip opportunity before 6 figures.
Never underestimate the accuracy of Bitcoin's descending triangle measured move targets, if the breakdown is confirmed:
For alternative broadening wedge theory and bullish buy the dip scenario, see here:
Never underestimate the accuracy of Bitcoin's descending triangle measured move targets, if the breakdown is confirmed:
For alternative broadening wedge theory and bullish buy the dip scenario, see here:
Note
Breakdown confirmed?
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Related publications
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.