Bitcoin- Break down looks imminent
Bitcoin is consolidating for quite some time, but, if we look closely, we can see that the price is congesting and the pressure seems to be on the sell-side.
Also, price action since the start of July is putting a descending triangle on our chart.
As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue.
In Btc's case I expect a break under 32500 zone support and even a drop under 30k important figure.
Obviously, a break back above 38 would negate this scenario
Also, price action since the start of July is putting a descending triangle on our chart.
As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue.
In Btc's case I expect a break under 32500 zone support and even a drop under 30k important figure.
Obviously, a break back above 38 would negate this scenario
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