Whilst technically a bearish pattern, I'm 50:50 on this one. We could just as easily see a break upwards in my opinion.
This is not uncommon in crypto during bullish sentiment.
Also the wider significance of this move with recent accumulation in the Golden Pocket, a break out of its long term channel and fundamental reasons to be stacking Bitcoin with the upcoming halving. These are all considerations.
Lastly, price action peeling away from the lower trend line and making new higher lows adds a little weight to the bull case.
As always, let's not judge the market. We don't tell the market what to do, we wait for it to tell us.
This is not uncommon in crypto during bullish sentiment.
Also the wider significance of this move with recent accumulation in the Golden Pocket, a break out of its long term channel and fundamental reasons to be stacking Bitcoin with the upcoming halving. These are all considerations.
Lastly, price action peeling away from the lower trend line and making new higher lows adds a little weight to the bull case.
As always, let's not judge the market. We don't tell the market what to do, we wait for it to tell us.
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