BTC Going Down To 25K
I drew this triangle a few days ago, and so far the trend continues to fit into it. It appears to be a descending triangle, thus we are expecting the price to decrease. By extrapolating the base of the triangle, we are expecting a price decrease to around 26-24K area. This area also matches a previous resistance area back from February 2021. Another indication of the MA 20 currently serving as resistance, and the MA 20 crossing below MA 200 a little more than a week ago. The bounce back from the fall was nothing more than a Fibonacci Retracement bounce back to 38.2%
Given that BTC governs the behaviour of all other coins, it is safe to assume that a global market price decrease is coming.
Given that BTC governs the behaviour of all other coins, it is safe to assume that a global market price decrease is coming.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.