Bitcoin confirms the path that wants to follow 🛣️

31 Ağu 2022

Price has broken down the bear flag that we have been tracking, this pattern has worked amazingly last couple of times so it is highly probable that we keep falling to find lower supports, my first target would be the lows of 17K area. We could see one spike up to retest the broken supports for then bearish continuation. Traditional markets are continuing the bear trend and the outcome of the FED meeting did not help as they will keep rising interest rates.