Good time to update the charts on bitcoin
Here we have a descending triangle which is a continuation pattern in a downtrend. Here we clearly see the price of bitcoin in a strong decline as defined downtrend with lower lows and lower highs.
key resistance at the 38% projections at 7500 seems to hold. Profit targets for this chart would be at 6.7k but could potentially head further.
Best of luck to all trading bitcoin
Thank you for all the support, please keep it coming with a like and make sure to leave any idea regarding bitcoin below!
Dont forget to check the related ideas to see our other ideas on bitcoin!
Here we have a descending triangle which is a continuation pattern in a downtrend. Here we clearly see the price of bitcoin in a strong decline as defined downtrend with lower lows and lower highs.
key resistance at the 38% projections at 7500 seems to hold. Profit targets for this chart would be at 6.7k but could potentially head further.
Best of luck to all trading bitcoin
Thank you for all the support, please keep it coming with a like and make sure to leave any idea regarding bitcoin below!
Dont forget to check the related ideas to see our other ideas on bitcoin!
