Finally, the pressure from the bears has caused the btc to break below the last low of the symmetric triangle, creating a small collapse of -5.5%.
Will the value fall further? Who knows…
The 28'5k support has been shown to be very strong.
During the last week the support has been holding falls of almost 13%, 8% and 7%. This doesn't mean much, but it does give the bullish confidence that encourages them to keep holding.
Looking ahead to January 20 and 21 we will see how it develops, the EMA is indicating a bear market and in my opinion a descending triangle is being created, but we need to see if its construction continues during the next day/s .
Thanks and have a good day. =)
Will the value fall further? Who knows…
The 28'5k support has been shown to be very strong.
During the last week the support has been holding falls of almost 13%, 8% and 7%. This doesn't mean much, but it does give the bullish confidence that encourages them to keep holding.
Looking ahead to January 20 and 21 we will see how it develops, the EMA is indicating a bear market and in my opinion a descending triangle is being created, but we need to see if its construction continues during the next day/s .
Thanks and have a good day. =)
