BITCOIN -25/10/2022-
• Crypto market is sideways since September, volatility and price action is null
• Bitcoin trading within 18,000-20,000 range
• Descending triangle, a bearish pattern, spotted on daily chart
• 18,000 support is the last line of defense for bulls
• If the above level is broken, we project the triangle's height to the breakout point, which leads us to levels near 10,000
• Bitcoin trading within 18,000-20,000 range
• Descending triangle, a bearish pattern, spotted on daily chart
• 18,000 support is the last line of defense for bulls
• If the above level is broken, we project the triangle's height to the breakout point, which leads us to levels near 10,000
Ramzi Abou Abdallah, CFTe, CMT
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