BTC amidst a potential bearish flag and pole formation!
Following the recent listing of ETFs, BTC reached a peak at $48,989 but experienced a rapid descent to $41,440. Presently, it is consolidating within a parallel channel.
This pattern could evolve into a bearish flag and pole if the parallel channel undergoes a breakdown. In the event of a breakdown, we may anticipate price levels ranging between $39,000 and $40,000.
This pattern could evolve into a bearish flag and pole if the parallel channel undergoes a breakdown. In the event of a breakdown, we may anticipate price levels ranging between $39,000 and $40,000.
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