BTC shows sign of reversal forming

2 thg 3, 2024

BTC is currently forming a reversal pattern.

• After its recent high failed to break above its previous high denoted by the two blue arrows
  
• We now watch for the pattern to confirm the reversal by breaking below the last low which occurred just before the highest high
  

Note: BTC has already broken from larger upward bullish trend. Trending flat right now we wait if this consolidation before going higher or distribution before falling.