Bulls stepped in and after breaking "FTX DUMP" resistance it's likely Bitcoin will visit "LUNA BOTTOM" @ 25300 next. "It's going up forever Laura"
It looks like and Inverse Head and Shoulders is forming. Target could be a touch on the $11700 line. But this should first be confirmed with a breakout above the neckline. Not sure if it will play out because there is a bearish divergence on the RSI!
We are currently still in the triangle range but in this scenario I painted what I expect to happen when it breaks downwards. If it breaks down I expect $BTCUSD to find support at the $8000 level. But if that doesn't hold we free-fall to $6800 and test the green and red support lines. I don't think (and hope) it will go any lower than that.
When triangle we are currently in breaks downwards it will interesting to see if the $8000 trendline holds. If it doesn't, we are likely test the green resistance again. We may as wel test the red uptrend line at $6800.