Over the last year and a half, we can see that
BTCUSD
was forming a massive rising wedge pattern which usually indicates bearish reversal. We can also see the volume decreasing after each high, which is a strong indicator of the loss of momentum and potential breakdown.
The downside target for
BTCUSD
if it were to break down in the next few days would be around $18,700.
BTCUSD
was forming a massive rising wedge pattern which usually indicates bearish reversal. We can also see the volume decreasing after each high, which is a strong indicator of the loss of momentum and potential breakdown. The downside target for
BTCUSD
if it were to break down in the next few days would be around $18,700.