Bitcoin is forming a clear triangle pattern after a failed breakout above all-time highs.
The pattern suggests a move down to 95k if price breaks below 103k. Some signs even point to a head and shoulders, with targets near 93k.
Fundamentals back the bearish case. ISM Services fell below 50, ADP jobs missed badly, and NFP could be the trigger.
Will weak data send BTC lower or hold the line? Watch the full analysis and share your take.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
The pattern suggests a move down to 95k if price breaks below 103k. Some signs even point to a head and shoulders, with targets near 93k.
Fundamentals back the bearish case. ISM Services fell below 50, ADP jobs missed badly, and NFP could be the trigger.
Will weak data send BTC lower or hold the line? Watch the full analysis and share your take.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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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.
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.