On the H4 timeframe, Bitcoin's price formed a symmetrical triangle/flag, which is usually a temporary pause before resuming the previous trend, which is bearish in this case.
This pattern has now broken, opening downward targets at:
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BasheerAlgundubi
· 01-25 12:29
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This pattern has now broken, and downward targets have been opened at:
• $87,900 (Lowest point of the triangle)
• $86,500 (Weekly support level, likely to be strong)
• $85,600 (Measured move from the triangle level)
#BTCUSDT – The downward trend continues 📉
On the H4 timeframe, Bitcoin's price formed a symmetrical triangle/flag, which is usually a temporary pause before resuming the previous trend, which is bearish in this case.
This pattern has now broken, opening downward targets at:
• $87.9K (Triangle's lowest point#BTC
• $86.5K )Weekly support level, likely to be strong(
• $85.6K )Measured move from the triangle level(
)
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)
#BitcoinWeakensVsGold #GoldAndSilverHitRecordHighs