The BTC has formed a head and shoulders pattern, which will complete on a breakdown and close below the neckline. If that happens, the pair could drop toward the pattern target at $28,800, which is just above the 50-week simple moving average ($27,335).
This negative view will invalidate if the bulls drive the price above the $60,000
Trade at your own risk.
This negative view will invalidate if the bulls drive the price above the $60,000
Trade at your own risk.