Bitcoin Bearish Triangle Within A Pennant
In my previous post on Bitcoin I made the prediction that Bitcoin will be relatively bearish in the near future, adhering the movement in the pennant. After a small pull-back to 38k, we're seeing Bitcoin forming a bearish triangle, indicating further bearish pressure.
I'm expecting Bitcoin to break through the lower trend line of the triangle soon, after which the price is expected to descend to 32k-ish, to the lower trend line of the big pennant.
I'm expecting Bitcoin to break through the lower trend line of the triangle soon, after which the price is expected to descend to 32k-ish, to the lower trend line of the big pennant.
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