Bitcoin / TetherUS
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๐Ÿ”ฅ Bitcoin On The Verge Of Breaking Bearish

A couple of days ago I made an analysis on Bitcoin and the horizontal consolidation phase it was trading in. I mentioned that little was about to happen inside this range and that we should be patient for BTC to break out of this pattern.

๐Ÿ”ฅ Bitcoin In Strong Consolidation: Waiting For Action


As of recently, BTC been edging lower and lower. Furthermore, it made a new low at 28k two days ago.

It seems that bears are winning this battle. Unless bulls will prove their power in the coming days, I think that BTC will fall towards the capitulation area (blue).
Chart PatternsTechnical IndicatorsTrend Analysis

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