Bitcoin: potential break to the downside
Updated
On the 4hr chart we see a clear descending triangle formation outside of the ascending broadening wedge. Breaking below into the ascending broadening wedge would confirm the bearish divergence on the same chart, brining us down to next support level (~$24000). A break to the upside (i.e. out of the descending triangle) would likely lead to another ATH.
Note
We are breaking out of the descending triangle on the 1hr chart potentially to a new ATH. Hope you bought the dip!
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