paytonlang02

The Bear Case for Bitcoin

Corto
KUCOIN:BTCUSDT   Bitcoin / Tether
There has been a long-term descending level of resistance on BTC since the top in 2021; breaking out of this level would be key for BTC to continue its trend.

The pattern BTC is currently in is a bear flag, which was the pattern that lead to the resistance in the last few tops of rallies.

These next few days could determine a lot going forward in terms of technical factors that will affect the market in the short term.
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