BTC: BEARISH PATTERN! IF LOOSE THE SUPPORT TARGET WILL BE $21K!!
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Welcome to this BTC update. BTC is not looking good. It is hovering near the support for the past few days and every upside move is rejected by bears. Looks like bears are in full control.
In the 8hr time frame, BTC formed a bearish pennant-like pattern. It's already broken down from the pennant. But the last hope for bulls is the green support box. BTC is still holding this green support zone ($28k-$30k) for the last few days. If we get a close below $28k will confirm the downtrend and then we see a 30% move to the downside which will lead the price to the $21k-$22k level.
Let's see this BTC can hold this support or break.
What do you think about this?
Do you think BTC is bouncing from here or do you think that we see a $21k-$22k level in a few days?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update. BTC is not looking good. It is hovering near the support for the past few days and every upside move is rejected by bears. Looks like bears are in full control.
In the 8hr time frame, BTC formed a bearish pennant-like pattern. It's already broken down from the pennant. But the last hope for bulls is the green support box. BTC is still holding this green support zone ($28k-$30k) for the last few days. If we get a close below $28k will confirm the downtrend and then we see a 30% move to the downside which will lead the price to the $21k-$22k level.
Let's see this BTC can hold this support or break.
What do you think about this?
Do you think BTC is bouncing from here or do you think that we see a $21k-$22k level in a few days?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
