This is a pretty massive pennant/equilibrium. We have some time to let this get tighter but I wanted to get it out there for anyone not aware. I'll give more information on my expected price targets etc after the break upwards. If we dip below $99.79 we're most likely doing something other than this equilibrium.
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Something to be careful of if you're watching this pattern. Breaking $99.79 would confirm this imo.
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That pic was binance but same thing for the coinbase chart.
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We are still in basically the same situation as my last update. We've technically broken support but its not getting follow-through. I honestly see this dumping past $99 if BTC doesn't see some upward movement to get it away from the $99-103 area. It's possible it could weather a BTC dump, but I don't see it as likely. $91-$93 would be the next support.
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Equilibirum/pennant forming. BTC is still in a daily downtrend so more downside is possible. I wanna see some volume behind a breakout up if we've hit the bottom.