BTC showing more bearish signals with the formation of a head and shoulders pattern. This coupled with the failed ascending triangle (see posts below) that turned into a rising wedge with a triple top in the 2 hour chart. Looks like its due for another slide.
My midterm target for BTC is for it to retest 6k again. The correction is not over in my opinion. Just like the global stock market correction is just starting, there is no indication that BTC has reached its true bottom and it could easily still go to 2 or 3k such as I outlined in my worst case scenario BTC bubble collapse prediction made in early January (See post below as well).
My midterm target for BTC is for it to retest 6k again. The correction is not over in my opinion. Just like the global stock market correction is just starting, there is no indication that BTC has reached its true bottom and it could easily still go to 2 or 3k such as I outlined in my worst case scenario BTC bubble collapse prediction made in early January (See post below as well).
