Bitcoin (BTCUSD): Important Zone to Watch ₿
https://www.tradingview.com/x/KJK57pAY/
Bitcoin violated an important horizontal daily demand zone this week.
The broken structure turned into a supply area.
The price is currently testing the broken structure.
Analyzing the intraday price action, I spotted a bearish flag pattern.
I believe that a further decline will initiate after a breakout of the support of the flag.
4H candle close below that will confirm a violation.
A bearish continuation will be expected then at least to 29000.
❤️Please, support my work with like, thank you!❤️
Bitcoin violated an important horizontal daily demand zone this week.
The broken structure turned into a supply area.
The price is currently testing the broken structure.
Analyzing the intraday price action, I spotted a bearish flag pattern.
I believe that a further decline will initiate after a breakout of the support of the flag.
4H candle close below that will confirm a violation.
A bearish continuation will be expected then at least to 29000.
❤️Please, support my work with like, thank you!❤️
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