Bitcoin Bearish Triangle Formation
On the 1H chart, a bearish triangle is forming on the BTC/USDT chart. Looking at the fact that Bitcoin has failed to breach the 20k wall two times now, it might be time for a healthy short term correction.
Support 1 would be my best guess where the price could reverse in case of some downward movement in the coming days. If Bitcoin might end up in a free-fall, Support 2 would be a great area to opt-in for a long position.
There's a lot of volatility in the crypto market, do your own DD and trade safe.
Support 1 would be my best guess where the price could reverse in case of some downward movement in the coming days. If Bitcoin might end up in a free-fall, Support 2 would be a great area to opt-in for a long position.
There's a lot of volatility in the crypto market, do your own DD and trade safe.
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