A nice probability of Bitcoin breaking towards the up from this ascending triangle pattern and breaking the all time high. We will find out by the end of the day or tomorrow which direction this is going.
A descending triangle has formed on the 1h chart and we could be seeing a breakout within the next couple of days
Another 4k drop potentially for bitcoin, which would roughly mean a 25% drop today
I feel like we are coming to a critical position where we need bitcoin to bounce off support to go long to around 18900 or breakdown and go lower to 17300
I could be wrong but it seems like a descending channel seems to be forming and this could continue over the weekend.