BITCOIN: DESCENDING TRIANGLE FORMATION.
Hello everyone,
Here's a brief BTC update in a 12-hour timeframe.
BTC has shown some positive movement lately but hasn't managed to break the descending triangle's resistance. If BTC could break and stay above this resistance line, it might have signaled a trend reversal. Unfortunately, it faced rejection, and we might see more price drops as a result. Currently, key support levels are at
27K, 26k, and 25.3k.
I anticipate that BTC could shift from a bearish trend to a bullish one in the near future. What are your thoughts on this? Feel free to share in the comments.
Best regards,
Team Dexter
Here's a brief BTC update in a 12-hour timeframe.
BTC has shown some positive movement lately but hasn't managed to break the descending triangle's resistance. If BTC could break and stay above this resistance line, it might have signaled a trend reversal. Unfortunately, it faced rejection, and we might see more price drops as a result. Currently, key support levels are at
27K, 26k, and 25.3k.I anticipate that BTC could shift from a bearish trend to a bullish one in the near future. What are your thoughts on this? Feel free to share in the comments.
Best regards,
Team Dexter
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