CoinVigilante

$BTC in down-trend since April 2021

BINANCE:BTCUSDT   Bitcoin / TetherUS
$BTC has been down-trending since April 2021. It is forming a Symmetrical Triangle pattern with the long-term trend diagonal support line. 18 MA is about to cross down 50 MA, and the price is above 200 MA, indicating that lower prices can still be seen. It is important that price doesn't break the support area around $36K-$38K. We could also be witnessing a very debatable inverse Head and Shoulders pattern if we see a bounce on the area mentioned above.

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