Will Bitcoin Crash or Blast Off? Watch This Video to Find Out!
Bitcoin is forming a bear flag pattern right now, which indicates a potential continuation of the downtrend. However, there is also a strong support zone at the 25.1 Fibonacci retracement level which can bounce back up
If bitcoin can break above the flag resistance, it could rally to the 29K level, where there is a major down trend line that acted only as resistance
if bitcoin breaks below the flag support, it could drop to the 24.4 level, From there, it could bounce back to the 25.1 level and retest it as resistance
If bitcoin can break above the flag resistance, it could rally to the 29K level, where there is a major down trend line that acted only as resistance
if bitcoin breaks below the flag support, it could drop to the 24.4 level, From there, it could bounce back to the 25.1 level and retest it as resistance
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