Bitcoin Analysis 5/16/22 (Two Bearish Scenarios)

BTCUSDT Perpetual Contract BYBIT:BTCUSDT

NeutronMan

Bitcoin is forming a potential Rising Wedge and Bear Flag on the 4HR and 6HR Charts. The price targets from these pattern are $26,500 and $20,000. Ascending Channel + Decreasing Volume = Usually Bearish .

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