Bitcoin BTC price analysis - be careful

515
📉 The cryptocurrency market is forming an "order" for "Red Monday".

On the BTCUSDT chart, the "Triple Top" pattern is probably nearing completion - its recognizable feature is the more lower central top and the right “powerful shake out” (for more details, if you are interested, you can read Encyclopedia of chart patterns/Thomas Bulkowski)

🆗 So, the minimum target for this pattern is $96100 per BTC
❗️ Confirmation of the "Triple Top" pattern development - after the base breakout and the inability to consolidate higher on the retest.

💰 Globally, we wrote our thoughts on the possible price of #Bitcoin in May/June a week earlier 👇
Bitcoin BTC price analysis - READ the text !


Also, to make trading decisions and determine which direction to trade, you need to analyze the situation on the charts:
1️⃣ BTC.D 👇
Bitcoin Dominance BTC.D analysis

and

2️⃣ USDT.D 👇
USDT.D Dominance analysis


_____________________
Did you like our analysis? Leave a comment, like, and follow to get more

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.