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Symmetrical Triangle breakdown can take Bitcoin price to $17,000
Bitcoin price was unable to hold the support line & printed a low $19,221 yesterday. A clear breakdown & retest of symmetrical triangle can be seen on the chart. Previously, on June 4th a breakout & retest was witnessed & then price rallied all the way up & met the target of 17%.
This time the distance of symmetrical triangle is 11.54%. If it follows the same pattern then price call fall till $17,094. This structure will be invalidated if 4H candle of BTC closes above $20,080.
Today, CPI reprot will be released. Market ca be highly volatile. Overall, chart looks bearish.
This time the distance of symmetrical triangle is 11.54%. If it follows the same pattern then price call fall till $17,094. This structure will be invalidated if 4H candle of BTC closes above $20,080.
Today, CPI reprot will be released. Market ca be highly volatile. Overall, chart looks bearish.
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