Descending triangle
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A new downturn seems to be on the way

In the last few days, Bitcoin , despite the signs of decline, was able to cross the important level of $ 40 ,000
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But it still does not seem to have enough strength to climb to 45,000-50,000 .
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As you can see, in a descending triangle , it is in a downward trend, and if we follow the pattern, the next targets will be below 39-38k !

The price can hit the level of 43-44k again and fall

Or it can go down from here again
lets see ..

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All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it …
Follow our other analysis & Feel free to ask any questions you have, we are here to help .

⚠️ This Analysis will be updated …
📊 #BTCUSDT ( BITCOIN )
💹 Time Frame : Daily
🔵 Personal Opinion : SHORT
🎯 Next Targets : 40k — 38k
👤 Saeid.Mahbob
📅 20.Mar.22

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