Currently Bitcoin is forming a bearish pennant on the 4H chart, for it to break this weekend or week is a possibility.
Within' the bearish pennant is also a Head & Shoulders pattern on the lower timeframes, as shown in the chart.
When the H&S pattern completely breaks, it could potentially break the bearish pennant on the 4h chart.
If price plays out this way, we could potentially re-test the $30K support level.
Within' the bearish pennant is also a Head & Shoulders pattern on the lower timeframes, as shown in the chart.
When the H&S pattern completely breaks, it could potentially break the bearish pennant on the 4h chart.
If price plays out this way, we could potentially re-test the $30K support level.