BTCUSD Consolidation phase
My belief is that BTC will continue to drop over the next 24-48 hours until it lands around the crucial support of ~42k (previous ATH). from there it could consolidate to form an ascending triangle over the next week or two before the bulls take back over and break out to new highs (70-80k seems possible, maybe 100k)
I am not a financial advisor and am still a noob compared to most people on tradingview, so take my analysis with a grain of salt and od your own research.
I am not a financial advisor and am still a noob compared to most people on tradingview, so take my analysis with a grain of salt and od your own research.
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