The main coin has been under pressure after a strong Bearish Divergence
appeared on the chart
Two bearish patterns formed consecutively after the all time high
The second one, a Bear Flag, was recently invalidated
Price has now reached the lower boundary of the yellow uptrend and bounced so far
This puts Bitcoin in a clear Make It Or Break It zone
Below is the updated big picture showing three possible paths for Bitcoin, from bearish to bullish
1) The orange circle marks the current consolidation, very similar to what we saw in 2022
This scenario suggests another leg down toward the next major support around $48k
2) The red zigzag outlines a potential reversal via a Head & Shoulders structure, where the Right Shoulder may still be forming
Price could first move toward the mid line before reversing lower
3) The final scenario represents an ultra bullish outcome, where price breaks above the mid line and pushes to the opposite side of the channel around $140–150k
appeared on the chart
Two bearish patterns formed consecutively after the all time high
The second one, a Bear Flag, was recently invalidated
Price has now reached the lower boundary of the yellow uptrend and bounced so far
This puts Bitcoin in a clear Make It Or Break It zone
Below is the updated big picture showing three possible paths for Bitcoin, from bearish to bullish
1) The orange circle marks the current consolidation, very similar to what we saw in 2022
This scenario suggests another leg down toward the next major support around $48k
2) The red zigzag outlines a potential reversal via a Head & Shoulders structure, where the Right Shoulder may still be forming
Price could first move toward the mid line before reversing lower
3) The final scenario represents an ultra bullish outcome, where price breaks above the mid line and pushes to the opposite side of the channel around $140–150k
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.