Bitcoin still looks like it has further to fall.
After breaking short-term support in a pennant formation Bitcoin dropped 4.5% but there was nowhere near enough volume to call it a breakout. It has now settled into a descending triangle pattern which has more likelihood of breaking out lower than higher with a short-term target of $13500. Medium-term target is still $11500 and bottom at $8-9k in a few weeks to a couple of months.
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