BTCUSD Forms Descending Triangle On Daily Chart

26 thg 6, 2021

BTCUSD is forming a descending triangle, even it is not in really perfect shape (caused by upward false breakout on June 13). But IMO the pattern still valid unless it's suddenly breaking upwards and closing over EMA200 line. Also, the EMA's line shown here is already crossing downwards (death cross) on June 23 which is increasing the probability to going down.

Possible downwards pointing to 25k-20k USD.