Bitcoin Not Out of Danger Yet
Bitcoin has built a massive head and shoulder topping pattern over the past 18-months.
A sustained decline below $28,000 would confirm a pattern breakdown.
Investors should be nervous as prices struggle to get back above $30,000.
Bitcoin is unlikely to survive a second trip below $28,000.
The first stop would be $20,000, with the potential of reaching $12,500 or lower during crypto winter.
A sustained decline below $28,000 would confirm a pattern breakdown.
Investors should be nervous as prices struggle to get back above $30,000.
Bitcoin is unlikely to survive a second trip below $28,000.
The first stop would be $20,000, with the potential of reaching $12,500 or lower during crypto winter.
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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.
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.