Bitcoin Continues to Push Down

By Oligon | structure_trading | 27 Aug 2019

Price is inside a bearish triangle pattern within the higher timeframe bearish descending channel with a strong resistance level above. Although Bitcoin’s price could rise to $10.6k, the expectation is for price to break and push lower at least to $9.3k, where a major support level is located, which would be a nice place to buy.


The support level might also be the point in which we’ll see Bitcoin rise strongly and break the long-term channel to the upside that could bring really higher prices on the table again.


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