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.
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.
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.