BTCUSD We're currently at a significant support level after breaking below the ascending trendline and a descending triangle pattern. This is truly a make-or-break moment for Bitcoin in the short term.
Price has broken below the multi-month uptrend line
Descending triangle pattern broken to the downside
Currently testing horizontal support
No major support until ~72K if current level fails
EMA stack still has some bullish structure but momentum weakening
Note
Note
Bouncing of the 87k support. Let us see if it will reclaim 90k or break the support for more downside.
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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.