Bitcoin's Descending Triangle Target: $24K (Mind The Gap)

Bitcoin's imperfect descending triangle currently targeting a measured move to $24K volume support zone. The $20K level of VPVR strong support also lines up with the logarithmic growth support trend-line. Short term looks bearish, long-term looks like a buy the dip opportunity before 6 figures.

Never underestimate the accuracy of Bitcoin's descending triangle measured move targets, if the breakdown is confirmed:

For alternative broadening wedge theory and bullish buy the dip scenario, see here:

Kommentera:

Breakdown confirmed?