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Technical analysis by dragononcrypto about Symbol BTC on 7/14/2021

https://sahmeto.com/message/3575861
dragononcrypto
dragononcrypto
Rank: 3241
1.9

Bitcoin's Descending Triangle Target: $24K (Mind The Gap)

:Neutral
Price at Publish Time:
$32,822.35
،Technical،dragononcrypto

Bitcoin's imperfect descending triangle currently targeting a measured move to $24K volume support zone. The $20K level of VPVR strong support also lines up with the logarithmic growth support trend-line. Short term looks bearish, long-term looks like a buy the dip opportunity before 6 figures. Never underestimate the accuracy of Bitcoin's descending triangle measured move targets, if the breakdown is confirmed: For alternative broadening wedge theory and bullish buy the dip scenario, see here:Breakdown confirmed?

Source Message: TradingView
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