The fluctuating Bitcoin price reflects the ever-shifting sentiment of investors. However, there is no inconsistency with the forecasts provided in my earlier technical analyses:
Previous article: Bearish Dragon Pattern to Unfold
Previous article: BTC Weekly Bearish Sea Pony Pattern
As highlighted in my previous assessments, the anticipated bearish trajectory appears to be unfolding. This update includes a broadening wedge formation to reinforce the downside projection further.
Key levels remain unchanged at 83k, 75k, and 69k. Additionally, I foresee a short-term rise to the 88k-89k range by early next week, and a decline to the aforementioned key levels will likely follow. Furthermore, the 65k level becomes a significant target, aligning with a prior primary high and weekly draw-on liquidity (FVG), should the broadening wedge pattern play out as expected.
Previous article: Bearish Dragon Pattern to Unfold
Previous article: BTC Weekly Bearish Sea Pony Pattern
As highlighted in my previous assessments, the anticipated bearish trajectory appears to be unfolding. This update includes a broadening wedge formation to reinforce the downside projection further.
Key levels remain unchanged at 83k, 75k, and 69k. Additionally, I foresee a short-term rise to the 88k-89k range by early next week, and a decline to the aforementioned key levels will likely follow. Furthermore, the 65k level becomes a significant target, aligning with a prior primary high and weekly draw-on liquidity (FVG), should the broadening wedge pattern play out as expected.
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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.