Hello,

The descendig triangle target has pretty much been reached. The 200 week MA seems to be supporting the price. The RSI is touching the oversold condition.
I would not be surprised with a relief rally into the 128 week MA, around 5k, before resuming the drop.

Best regards,
Alexandre Simões
BTCUSDDescending TriangleHarmonic PatternsTechnical IndicatorstdsequentialTrend AnalysisWeekly Charts

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