In this extravagant 6 months pattern I've highlighted, BTC has shown somewhat of a trend to rise close to, or over the resistance line, just twice before reaching an extremely lower-than-support price, funnily named "Pit of death".
This time around, the goal price could actually be as low as $7.000, from the resistance price @ $11.700
This time around, the goal price could actually be as low as $7.000, from the resistance price @ $11.700
Note
Latest arrow should be put further to the right. Cautious lowest set at ~$7.500
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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.