Bitcoin / TetherUSShort
Bearish Targets for BTC.
If the trend is to follow the descending broadening wedge formation,
The next bearish target for Bitcoin will be around the 16.2k mark.
A break below would see our next line of support at around 15.6k.
A descending broadening wedge is generally a bullish pattern, however, given the macro bearish momentum I would not anticipate a break out on this turn.
Possible Bullish Confirmation: A break above the 17.2k mark.
The next bearish target for Bitcoin will be around the 16.2k mark.
A break below would see our next line of support at around 15.6k.
A descending broadening wedge is generally a bullish pattern, however, given the macro bearish momentum I would not anticipate a break out on this turn.
Possible Bullish Confirmation: A break above the 17.2k mark.
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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.