Bitcoin Might Be Bearish In the Near Future

As mentioned in my other Bitcoin posts, I expected that we would contest the ATH around 42k these days. However, it seems that Bitcoin is reversing after the crazy run-up earlier this week. The $40k resistance is holding.

This post is intended to give a rough idea where the next support might be, in case Bitcoin actually pushes down more in the coming days.

Generally, after forming a pennant, the prices will shoot either up or down. Seeing Bitcoin's price action of the recent weeks, I'm seeing Bitcoin going up again after this chart pattern is completed.