Currently trading @ 35500
Bitcoin is still bearish
As you can see from the chart we now have a bearish triangle suggesting a continuation
of a bearish trend for bitcoin, also the pair is still trading within its descending channel
We expect the pair to test $30,000 and break below this price targeting $19,000 before
a reversal & a potential bullish breakout back to $40,000
link to previous analysis below
Bitcoin is still bearish
As you can see from the chart we now have a bearish triangle suggesting a continuation
of a bearish trend for bitcoin, also the pair is still trading within its descending channel
We expect the pair to test $30,000 and break below this price targeting $19,000 before
a reversal & a potential bullish breakout back to $40,000
link to previous analysis below
