Bitcoin 1 Day Chart Descending Triangle & Fractal Pattern

21 set 2021

Bitcoin on the daily timeframe seems to have formed a descending triangle and has a fractal playing out from earlier this bull market. I think we could see some further downside in the next coming 1 to 2 weeks or we just see a big bounce from here. September has always been a bearish month for bitcoin in general so this bearish price action was not unexpected. If we see a nice recovery from this dump and don't go any lower than 37K I think we could see another leg up for this bull market if we do go lower a recovery would be harder but still possible. Let me know what you think.