Bitcoin Descending Triangle Analysis 🔥(Update)
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 19430. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $16000, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $22800
BTC has recently been subjected to increased selling pressure, owing to a lack of buyers in the current structure. As a result, we can expect BTC to go as low as $16,000 USD. The new entry would be above 22800$ or close to 16000$.
Strong Note : Bitcoin Is Bullish Above Only 22800$.
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 19430. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $16000, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $22800
BTC has recently been subjected to increased selling pressure, owing to a lack of buyers in the current structure. As a result, we can expect BTC to go as low as $16,000 USD. The new entry would be above 22800$ or close to 16000$.
Strong Note : Bitcoin Is Bullish Above Only 22800$.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.