We are still Bearish on Bitcoin , BTC . The three SELL signals fired in early April, the Bear Flag formed over the past few months, and the important Horizontal Support Line at ($40,700) was broken. BTC went further down past our soft support level ($34,750) and is now consolidating at the stronger ($28,975) Support Area . Bitcoin is down over 30% since the indicators in April and almost 60% since the All Time High in November 2021. That Weekly Downtrend Line unfortunately (or fortunately) has a triangle formation at the ($19,620) Support Area (not visible on this chart).
Not Financial Advice…Trade with Confidence and Control.