Even though Bitcoin is forming a for now bearish pennant on a 30min timeframe, this does not necessarily have to break down due to the fact we have the Pivot support and a strong trendline support.
Going from here anything lower is considered very bearish mid-term and we could see as low as 4k (this would not invalidate the bullish reversal). There is also the possibility as we have seen before, we experience a rather unexpected
bart pattern, which is not quite unusual with former parabolic runs and an underlying fomo-mentality.
Going from here anything lower is considered very bearish mid-term and we could see as low as 4k (this would not invalidate the bullish reversal). There is also the possibility as we have seen before, we experience a rather unexpected
bart pattern, which is not quite unusual with former parabolic runs and an underlying fomo-mentality.