Bitcoin Forming Descending Triangle. $53-$50k in Sight
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It's been a rough couple of days now and Bitcoin seems to got hit hard by the power cut in China. Now forming a descending triangle which looks like more downwards potential for another week or so.
If Bitcoin breaks above the triangle, we are back in business. This could as well be the dip. Long term bullish, short term bearish.
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
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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.