Bitcoin

BTC breaking bellow strong long term uptrend

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We can see a pennant continuation pattern on BTC with a nice breakout. Volume dried out during the formation of the pattern as usually happens with these. Although breakout was not on high volume it is important to remember that a market may fall from inertia, but I am still waiting to see volume increase as price goes lower. Expecting to see a decline move to at least 6.2k but could go further to 5.3k. It is worth noting that previous low was at 6k, if this resistance is broken this would mean a lower low and BTC would continue its downtrend.

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