BTC will break upwards or downwards soon... watch closely!Looking at the BTC price, it is being compressed within a descending triangle formed by the downward trend line and support of around $8500, but it's running out of room to move, so I feel something is going to happen soon. Looking at the irregularities over the past few weekends I wouldn't be surprised if bots pump the price up now and go against what most people are expecting (for it to go down to around $8000-8100) or against TA. Be careful!
Btusdt
BTC/USDT Dumped hard! Will we see 8500 soon?BTC tanked!
Think it definitely had something to do with the Binance hack news and the SEC news also :thumbsdown: it is never ending.
Overall down trend line was tested and holding for now but has broken through the current up trend line. Im a bit worried about that huge wick that managed to break through the overall down trend line - unusually high volume there also.
RSI is oversold at 24 and MACD not looking good either.
If it breaks through the down trend line again, Im thinking it will go to 9288 and then next sup after that is 8490.