Bitcoin is consolidating for quite some time, but, if we look closely, we can see that the price is congesting and the pressure seems to be on the sell-side.
Also, price action since the start of July is putting a descending triangle on our chart.
As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue.
In Btc's case I expect a break under 32500 zone support and even a drop under 30k important figure.
Obviously, a break back above 38 would negate this scenario
Also, price action since the start of July is putting a descending triangle on our chart.
As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue.
In Btc's case I expect a break under 32500 zone support and even a drop under 30k important figure.
Obviously, a break back above 38 would negate this scenario
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