๐จ BTC IS FORMING A VERY RARE PATTERN ON THE CHART
Pay close attention because the technical structure is quite clear ๐ hit the yellow box for more info
What we see is a Descending Triple Top with three main peaks that are losing height and a marked bearish trend in the red lines. It's not exactly a
#Bull #flag nor a classic โInverted GFYโ.
The price has been rejecting the upper zone several times and now it seems to be losing momentum with strong red candlesticks.
๐ง This type of bearish pattern usually resolves with a breakdown when the lower support fails.
Do you think
#BTC breaks down and accelerates the drop or can it defend the zone and reverse the pattern?
Let me know what you think below ๐