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BTC bear trend continues (W1 Chart)
Bitcoin and the overall crypto markets have been in a range for quite some time this year since dropping from 69k where BTC formed a double top and is heading for the vital neckline of the double top pattern which sits at about the 29k level.
If this neckline breaks... then a serious bear push could occur, where BTC might drop to from there I have no idea, all I know is that a big battle could occur below 29k.
For now, we are clearly in a bear trend since November 2021, we have formed lower highs constantly and I believe the last lower high, at 48k, should be the one that pushes price towards the 29k level.
All in all, we are bearish on crypto for the time being!
What are you guys doing with Bitcoin!?
If this neckline breaks... then a serious bear push could occur, where BTC might drop to from there I have no idea, all I know is that a big battle could occur below 29k.
For now, we are clearly in a bear trend since November 2021, we have formed lower highs constantly and I believe the last lower high, at 48k, should be the one that pushes price towards the 29k level.
All in all, we are bearish on crypto for the time being!
What are you guys doing with Bitcoin!?
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