Forwarded from Crypto VIP News 🗞️
#BTC failed to close over the $112,000 area and dropped again. Its again near the support area and story will be same, have to see some sort of breakout only or news driving it.
Forwarded from Crypto VIP News 🗞️
#BTC/USDT ANALYSIS
Bitcoin is consolidating inside the descending triangle pattern. Currently, it is facing rejection from the 21MA and 50MA, both acting as resistance barriers above the current price action.
A rebound from the horizontal demand zone of the triangle can be expected. However, a breakdown of the pattern will likely lead to further correction in the market.
Bitcoin is consolidating inside the descending triangle pattern. Currently, it is facing rejection from the 21MA and 50MA, both acting as resistance barriers above the current price action.
A rebound from the horizontal demand zone of the triangle can be expected. However, a breakdown of the pattern will likely lead to further correction in the market.