BTC Bear Pennant
BTC forming a bear pennant.
Making lower highs and lower lows.
Broke below the daily 50 EMA.
Expect price to fall from here and correction to ensue.
Looking to find support at the 100 day EMA or at the 47k area. If it breaks below then 42k is still strong support.
BTC will take a break for a little while and should come back strong for a push to 100k and beyond this summer.
BTCUSD
Making lower highs and lower lows.
Broke below the daily 50 EMA.
Expect price to fall from here and correction to ensue.
Looking to find support at the 100 day EMA or at the 47k area. If it breaks below then 42k is still strong support.
BTC will take a break for a little while and should come back strong for a push to 100k and beyond this summer.
BTCUSD
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