Bitcoin BTC/USD: IDEA
Currently trading @ 35500
Bitcoin is still bearish
As you can see from the chart we now have a bearish triangle suggesting a continuation
of a bearish trend for bitcoin, also the pair is still trading within its descending channel
We expect the pair to test $30,000 and break below this price targeting $19,000 before
a reversal & a potential bullish breakout back to $40,000
link to previous analysis below
Bitcoin is still bearish
As you can see from the chart we now have a bearish triangle suggesting a continuation
of a bearish trend for bitcoin, also the pair is still trading within its descending channel
We expect the pair to test $30,000 and break below this price targeting $19,000 before
a reversal & a potential bullish breakout back to $40,000
link to previous analysis below
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.