$BTC
BTC on a micro timeframe is about to breakdown with the next target of around $73.000, And if that ocured there is a two side of a coin always.
1. It could possibly doing a minor retracement following a retest of the neckline on a bigger timeframe there is a cup and handle pattern, if the BTC rebound very strong and rejecting the downside around 73.000 there is a strong possibility of uptrend with the next target around 129.000
2.It could possibly consolidated around 70-100k waiting for the next catalyst for it to move up or down, but i would suggest the breakdown of this pattern is slightly worrying if it happen it would likely doing a major correction phase after a bull phase on these few years !
If you wanted to ask for some types of technical analysis, chat me and donate to the tipjar would likely help you ! Cheers
1. It could possibly doing a minor retracement following a retest of the neckline on a bigger timeframe there is a cup and handle pattern, if the BTC rebound very strong and rejecting the downside around 73.000 there is a strong possibility of uptrend with the next target around 129.000
2.It could possibly consolidated around 70-100k waiting for the next catalyst for it to move up or down, but i would suggest the breakdown of this pattern is slightly worrying if it happen it would likely doing a major correction phase after a bull phase on these few years !
If you wanted to ask for some types of technical analysis, chat me and donate to the tipjar would likely help you ! Cheers
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