After the recent pre-planned btc crash, fear and greed index of btc is at 14 (Extreme Fear) which indicates that market is bearish.
1. If BTC is unable to break the falling pattern, It will continue to dump more until it reaches major resistances.
2. If BTC breaks the falling pattern, it will pump high since a lot of fearful investors will start placing buying orders and crypto market will again become bullish.
for better understanding of the chart, consider viewing it in 4H for falling pattern and 1D for the resistances and supports.
1. If BTC is unable to break the falling pattern, It will continue to dump more until it reaches major resistances.
2. If BTC breaks the falling pattern, it will pump high since a lot of fearful investors will start placing buying orders and crypto market will again become bullish.
for better understanding of the chart, consider viewing it in 4H for falling pattern and 1D for the resistances and supports.