Hello everyone. Thank you for considering reading my analysis. Let me remind you that this is my opinion as it may or may not happen.
Bitcoin just broke a symmetrical triangle in the 1H chart. From the top of 48,000 and the low of the triangle, we may see a dump going to the 42,000 level. As we can also see, we may find support from the previous support of 42k, highlighted in green -- which is also the previous ATH a few days ago.
From there, let us see what pattern is forming and potentially go to the upside. You may check my previous idea that this is the retracement that we predicted.
Cheers,
Juvar
Bitcoin just broke a symmetrical triangle in the 1H chart. From the top of 48,000 and the low of the triangle, we may see a dump going to the 42,000 level. As we can also see, we may find support from the previous support of 42k, highlighted in green -- which is also the previous ATH a few days ago.
From there, let us see what pattern is forming and potentially go to the upside. You may check my previous idea that this is the retracement that we predicted.
Cheers,
Juvar
