Bitcoin to fall dramatically
Trading volume has declined significantly from 2021 coronavirus trading bonanza. Interest in Bitcoin is currently low and there are no indication of a recovery.
The price has formed a multi-month double top patter, and we saw over the last month that Bitcoin failed to post a reversal pattern of any kind.
We are right now in a bear flag that was formed in Feb-Apr 2022 and a breakout below 33K will definitely send price to 20K or even lower.
Thank you for reading, let’s see what happens.
The price has formed a multi-month double top patter, and we saw over the last month that Bitcoin failed to post a reversal pattern of any kind.
We are right now in a bear flag that was formed in Feb-Apr 2022 and a breakout below 33K will definitely send price to 20K or even lower.
Thank you for reading, let’s see what happens.
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.