Pay Attention to Bitcoin

Pay attention to that long pink trend line. If Bitcoin manages to dip below that line (and I believe it will), we will be in for a substantial drop. It may only drop to the light blue line, or it could drop to or near the bold yellow trend curve. Either way, we may see a slight increase in price in the short term up to the top of the triangle (orange line). But we will see a big drop incoming.
BTCBTCUSDcapitulationChart PatternsTechnical IndicatorsshortTrend Analysis

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