Bitcoin Might Be Bearish In the Near Future
As mentioned in my other Bitcoin posts, I expected that we would contest the ATH around 42k these days. However, it seems that Bitcoin is reversing after the crazy run-up earlier this week. The 40k resistance is holding.
This post is intended to give a rough idea where the next support might be, in case Bitcoin actually pushes down more in the coming days.
Generally, after forming a pennant, the prices will shoot either up or down. Seeing Bitcoin's price action of the recent weeks, I'm seeing Bitcoin going up again after this chart pattern is completed.
This post is intended to give a rough idea where the next support might be, in case Bitcoin actually pushes down more in the coming days.
Generally, after forming a pennant, the prices will shoot either up or down. Seeing Bitcoin's price action of the recent weeks, I'm seeing Bitcoin going up again after this chart pattern is completed.
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