BitcoinLong
BTC broke out of rising wedge now in bearish pennant
Bitcoin needs to break to the upside out of this pennant to avoid further downside and hit 50k. If we breakdown I believe the whole market will retrace, ETH will go to 3.5k
Let's hope we break up into the rising wedge again and push for new ATH with 75k next major target then 100k two weeks later.
Downside could be 43k for bitcoin if 50k doesn't hold.
Let's hope we break up into the rising wedge again and push for new ATH with 75k next major target then 100k two weeks later.
Downside could be 43k for bitcoin if 50k doesn't hold.
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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.