Bitcoin and the overall crypto markets have been in a range for quite some time this year since dropping from 69k where BTC formed a double top and is heading for the vital neckline of the double top pattern which sits at about the 29k level.

If this neckline breaks… then a serious bear push could occur, where BTC might drop to from there I have no idea, all I know is that a big battle could occur below 29k .

For now, we are clearly in a bear trend since November 2021, we have formed lower highs constantly and I believe the last lower high, at 48k , should be the one that pushes price towards the 29k level.

All in all, we are bearish on crypto for the time being!

What are you guys doing with Bitcoin!?