BTC - TWO POSSIBLE SCENARIOS PLAYING OUT AS WE SPEAK
Bitcoin is currently tracking down along the prior descending wedge pattern resistance which has now became support. We've also formed a nice downward channel resembling a bullish flag.
Two scenarios are currently at play here, one of which is Bitcoin dropping down towards $6,500 - $6,800 ranges and the second scenario is of Bitcoin performing a measured move above $10,500 which is still highly possible while we trend along the support.
Two scenarios are currently at play here, one of which is Bitcoin dropping down towards $6,500 - $6,800 ranges and the second scenario is of Bitcoin performing a measured move above $10,500 which is still highly possible while we trend along the support.
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