By observing the price trend of Bitcoin in the four-hour timeframe, after the last three weeks' decline and during the trades of last week and this week, it seems that the trend is building a widening triangle corrective pattern.
The breaking of the key support of $17,800-$17,500 is an important warning for the continuation of the decline. If this break is confirmed, the next big downward move is expected to continue to the $13,300 range.
The breaking of the key support of $17,800-$17,500 is an important warning for the continuation of the decline. If this break is confirmed, the next big downward move is expected to continue to the $13,300 range.
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