On the daily chart we can see that BTC broke the support of the symmetrical triangle formation with a failed attempt to brake back into the triangle (with 27k acting as resistance). Previous failed attempts to brake this resistance line were followed by deeper corrections.
This theory will be invalidated if BTC manages to brake 27,5k and flip it as support.
4-h chart detail of the symmetrical triangle with a retest of 27k and MA50-line as resistance :
This theory will be invalidated if BTC manages to brake 27,5k and flip it as support.
4-h chart detail of the symmetrical triangle with a retest of 27k and MA50-line as resistance :
