Bitcoin broke support and may retest pennant support (SMMA 200)
Bitcoin just completed a bearish pattern and may fall to the green line to retest the support. We have this huge pennant and in case Bitcoin breaks it up we will see a huge pump and in case it breaks down it may fall really hard. At this moment we are facing a lot of sideways and we will probably retest the pennant bottom that is also SMMA 200 and fibonacci target. So i would say that Bitcoin might fall to 6.3-6.7K area in the next days/weeks. Indicators are also bearish confirming another wave down for Bitcoin.
Kommentar:
Retested as predicted.