BTC Daily Chart Bears Last Push Before Bulls Take Off!BTC is forming A Descending triangle on the daily, it's a huge bear formation. The Price Target of the triangle being so slow to the 200day MA gives me a lot of reason to believe we'll see at least 35k. Maybe in a few days after the MA Catches up to the price target
On the weekly we had a golden cross on the 50/200 moving averages. So this being a final correction on the Daily is no surprise before things really get interesting
Buitcoin
BTC/USD, Daily Chart Analysis 6/6Implications and Outlook
1. Bitcoin and all major crypto coins are showing off decent results today (June 6) following Monday ’s unfavorable trading session, as cryptos are appearing from the short-term Coin Rallies and Mean/Key Resistance pullbacks.
2. Even though the leading crypto currencies are hovering slightly below their latest momentum they are nevertheless in a most critical downtrend position coming from a long-term outcome, the critical Key/Mean Support levels awaiting to re-visited, as the evolving trend remains to be somewhat in one piece.
3. Current Bullish/Bearish bias is 60/40