Bitcoin is currently forming a Descending Triangle Chart Pattern, which is typically a bearish formation. Price is struggling to break above the descending resistance line, and now we’re watching for a potential rejection and breakdown.
🛠 Technical Breakdown:
✅ Descending Resistance Line holding firm
✅ Repeated lower highs
✅ Flat base support near $78,000
✅ Bearish reaction from resistance zone
📉 Bearish Scenario:
If BTC fails to break the descending trendline, expect a move back toward $78,000, and if that support breaks — we may see a sharp drop toward $74,000–$72,000.
🚨 Trade Smart:
This is a high-risk zone. If price breaks the pattern to the downside, short setups could be in play. Stay alert, manage your risk, and let the market confirm the move!
LIKE, COMMENT & FOLLOW for more real-time trade ideas and chart breakdowns!
Let’s trade smart, not emotional!
🛠 Technical Breakdown:
✅ Descending Resistance Line holding firm
✅ Repeated lower highs
✅ Flat base support near $78,000
✅ Bearish reaction from resistance zone
📉 Bearish Scenario:
If BTC fails to break the descending trendline, expect a move back toward $78,000, and if that support breaks — we may see a sharp drop toward $74,000–$72,000.
🚨 Trade Smart:
This is a high-risk zone. If price breaks the pattern to the downside, short setups could be in play. Stay alert, manage your risk, and let the market confirm the move!
LIKE, COMMENT & FOLLOW for more real-time trade ideas and chart breakdowns!
Let’s trade smart, not emotional!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.