BTC l DAILY l OUTLOOK

DAILY TAKEAWAYS:

BTC currently looks to be in a descending triangle pattern which usually means continued movement to the downside. We are also sitting on a support and resistance level of 29.5k.

1. BTC is overall bearish need to see a break about 200 EMA
2. BTC looks to be in a descending triangle pattern.
3. We need to see a higher low formed and a break through major zone 31.5k - 32.5k.
BTCUSDSupply and DemandSupport and ResistanceTrend Analysis

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