BTCUSD Bearish Breakout Possibility

25 thg 12, 2023

We saw earlier some strong uptrend for BTC on the 4H. Went from 38K to 40K levels with no hesitation. The price is still well above the EMA200 and it almost surely needs some correction and play at the 38K-40K levels so the EMAs can catch up with the price again. There is an important rising support trendline and it is very likely to be broken very soon. There is also an ascending triangle coming from an uptrend wich it indicates a very likely trend reversal for BTC to go down to 38K<