VasilyTrader

BITCOIN (BTCUSD): Bearish Reversal Confirmed?! ₿

Short
COINBASE:BTCUSD   Bitcoin

I see 2 strong bearish patterns on Bitcoin chart on a daily.

The price broke and closed below a support line of a wide horizontal range.
Within the range, the market also formed an inverted cup & handle formation.
Its neckline was also broken.

These bearish signals make me think that BTC may easily drop lower.

Closest support - 53200

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