BTC Daily Update 25 May 2021
Based on BTC 3H chart, it is forming a bearish pennant where it usually plays out as shown on the right side.
MACD indicates that it is forming a downward momentum.
To invalidate the bearish pennant pattern, BTC must break the downward slope resistance at around 39k.
MACD indicates that it is forming a downward momentum.
To invalidate the bearish pennant pattern, BTC must break the downward slope resistance at around 39k.
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