Bitcoin still looks like it has further to fall.

21 Kas 2022

After breaking short-term support in a pennant formation Bitcoin dropped 4.5% but there was nowhere near enough volume to call it a breakout. It has now settled into a descending triangle pattern which has more likelihood of breaking out lower than higher with a short-term target of $13500. Medium-term target is still $11500 and bottom at $8-9k in a few weeks to a couple of months.