#BTC is not looking good in the shorter time frame!

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#BTC UPDATE

BTC is making this bearish pennant pattern.

BTC doesn't look good, According to the pattern if BTC did a break down then BTC can drop 10% after the confirmed retest.

We have 16.5k and 15.5k as support

If BTC breaks out this upper resistance then the pattern will be invalidated.

Stay tuned I will keep updating

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Commentaire:

Commentaire:

#BTC

Price Action Analysis

Bitcoin price is stuck in a tight range of $16261 - $17066 as volatility hits a new all-time low.

It comes as no surprise as volume usually dries up during the holiday season however, $16261 forming a new structure low is still a high draw on liquidity

How To Expect ?

Commentaire:

ABOUT TO BREAKOUT OR BREKDOWN

Let see what's happens

Commentaire:

BTC is going down as we expected, it is currently trading around 16.6k local support.
we are expecting some bounce but only in case, we get good some volume.
let's see how the market reacts.

Stay tuned I will keep updating