Bitcoin is currently experiencing a downward trend on a daily basis.
Following a period of consolidation within a horizontal range, the market broke below its support level and reached a new low.
On retesting the broken structure, the market formed a symmetric triangle pattern.
The breakout of the support line within this pattern indicates a strong confirmation for potential intraday bearish movement.
A bearish movement is anticipated, with a target price of at least 79,080.
Following a period of consolidation within a horizontal range, the market broke below its support level and reached a new low.
On retesting the broken structure, the market formed a symmetric triangle pattern.
The breakout of the support line within this pattern indicates a strong confirmation for potential intraday bearish movement.
A bearish movement is anticipated, with a target price of at least 79,080.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.