Following Optimistic Pump BTC Broke Down to 29,800
Yesterday, I have posted about Bitcoin forming ascending triangle with the bullish price target of $30,700 and the bearish price target of $29,600 (link to article)
Unfortunately, Bitcoin broke down towards $29k the good news it that it is on the hourly timeframe and the wicks we can see on the chart signify dangerous trading zone with fake outs to catch high-leveraged shorts and longs into liquidations!
However the 4 hour timeframe now looks like a rising channel with breakout points around $28,500 (for a bearish scenario) and around $31,000 (for a bullish breakout)
We should know the Bitcoin bearish or bullish direction by around 20th of April!
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