🔥 Bitcoin LOST The Up Trend: Caution Advised!

A few days ago I made an analysis on BTC where I wrote that, in case of BTC breaking below the blue trend line, we would have a decent chance to make our way towards the bear-flags support.


And indeed, here we are today trading around exactly that support area. I didn't expect BTC to lose so much value in so little time, which obviously means that something is going on.

Since we're trading in a bear-flag pattern, there's a high probability for the pattern to break bearish and continue the macro bear trend. In case that happens, I'm looking for the $20k and $19k supports as potential targets.

Keep in mind that we're not convincingly bearish yet. Wait for the break out or reversal.