On this graph BTC trying to re-test the 7,6k price up, if he reach the price the next target would be 7.8k. But if he can't reach the said price this will fall again to 7.1k and the support are 6.8k up to 6.5k. In the long run by using PitchFork tools, The Graph shows bearish scenario. Big pitchfork for bearish vs small pitchfork for bullish. 70-30% but we will see what happen few days from now.
So question is this deliberate this kind of pattern just to buy a deep for bitcoin halving? What do you think Please let me know your though by comment below.
You can check here: https://www.tradingview.com/chart/BTCUSDT/XxSeHpHX-BTC-USDT-Retesting-the-7-6k/
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.