Bitcoin Analysis 4/15/22 Part 2 (Bearish Bat)

BTCUSDT Perpetual Contract BYBIT:BTCUSDT

NeutronMan

Bitcoin appears to be forming a Bearish Bat pattern on the 2HR chart.

The reasons why the price target could be around $42.6k:
1. Target of this Bearish Bat
2. Bottom Monthly Central CPR Line retest
3. 0.382 Retracement of this downtrend
4. This is around where the 1D 20 and 50 EMA is

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