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As seen on this chart, we have two bearish confirmation that price will fall more to $31,000.
Firstly, we have a downward trendline breakout and a pullback as shown on the chart.
Secondly, we have a rejection at the trendline of the descending triangle.
After the first bounce, price dive into the falling wedge and finally made an upward breakout to the trendline and eventually got rejected by the trendline.
Therefore, with price at the current market price of $42,474.41, I expect a fall by 37% to $31,000.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on BITCOIN (BTCUSD) 🤗
Happy Trading💰🥳🤗
As seen on this chart, we have two bearish confirmation that price will fall more to $31,000.
Firstly, we have a downward trendline breakout and a pullback as shown on the chart.
Secondly, we have a rejection at the trendline of the descending triangle.
After the first bounce, price dive into the falling wedge and finally made an upward breakout to the trendline and eventually got rejected by the trendline.
Therefore, with price at the current market price of $42,474.41, I expect a fall by 37% to $31,000.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on BITCOIN (BTCUSD) 🤗
Happy Trading💰🥳🤗
Trade active
Likely move for Bitcoin to dive to next support at $38,000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.