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BTCUSD Perpetual Contract

Bitcoin | Descending Triangle Formation in 4H Chart..!!

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#BTC (Update)


In 4h timeframe, Bitcoin is Consolidating in Descending Triangle..!!

Since 4th January, Bitcoin Bulls Defending the Major Horizontal Support (30k) & from last 2 Weeks, Bears are Also Defending the Descending Trendline Resistance (34.8k)

Now, If Bulls Lost the 30k Support, Bitcoin might test the 22.5k Support Area & if Bulls Cleared the Descending Resistance (34.8k), Bitcoin Might Retest the 41k (Previous High).


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Faibik
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Bitcoin (Cryptocurrency)bitcoinforecastBTCBTCUSDBTCUSDTfaibikSupport and ResistanceTrend LinesTrianglexbtXBTUSD
Faibik
Follow me On Twitter & Telegram For More Regular Updates..!!

Public Telegram Channel:
t.me/CryptoCove

Forex Telegram Channel:
t.me/Captain_FX

Twitter:
twitter.com/CryptoFaibik

Instagram :
instagram.com/captain_faibik
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.