Short term bearish sign for BTC
Bitcoin has a potential bear flag with a descending triangle on the hourly chart. This is a bearish pattern and could mean lower prices in the short term. Since BTC has been overbought on the daily chart, it wouldn't be a surprise.
If it breaks to the downside I would expect support around €8600-€8700, which would line up pretty well with the supporting trend line from the channel bitcoin is currently in.
Another scenario could be that price goes sideways until it hits the trending support, followed by either a break down or a bounce back up.
If it breaks to the downside I would expect support around €8600-€8700, which would line up pretty well with the supporting trend line from the channel bitcoin is currently in.
Another scenario could be that price goes sideways until it hits the trending support, followed by either a break down or a bounce back up.
Trade fermée: ordre d’arrêt atteint
Broken bullish instead. This pattern is invalidated.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.