NeutronMan

Bitcoin Analysis 12/11/21 (Potential Bull Trap @51k)

BYBIT:BTCUSDT   BTCUSDT SPOT
Currently Bitcoin appears to be ready to retest 51k before choosing a trend direction. This looks like a Bull Trap to me. A Descending Triangle is usually a continuation pattern. Since Bitcoin dumped before forming the descending triangle, I think we could see another dump soon. We'll have to wait and see what happens.
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