Bitcoin 2H Chart Analysis: Bearish Outlook
Currently, Bitcoin is forming a Lower Low (LL) and Lower High (LH) pattern, signaling a potential bearish trend in the short-term. Key support levels to watch are around $88,000 and $85,000.
📉 Next Targets: $88,000 → $85,000
🚫 Critical Level: A 2H close above $101,000 would invalidate this bearish outlook.
Note: If Bitcoin holds below $100,000, expect a possible decline to $85,000.
Remember, always set your stop losses to protect your funds in case the trend shifts.
Currently, Bitcoin is forming a Lower Low (LL) and Lower High (LH) pattern, signaling a potential bearish trend in the short-term. Key support levels to watch are around $88,000 and $85,000.
📉 Next Targets: $88,000 → $85,000
🚫 Critical Level: A 2H close above $101,000 would invalidate this bearish outlook.
Note: If Bitcoin holds below $100,000, expect a possible decline to $85,000.
Remember, always set your stop losses to protect your funds in case the trend shifts.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.