short (pending order)
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
With the suppositions from on-chain and market indicators, a bearish scenario would include Bitcoin price shattering the hypotenuse of the ascending triangle , invalidating it and heading lower to retest the $34,752 weekly support level . Here, buyers have another attempt to trigger a run-up; however, a daily candlestick close below it would create a lower low and invalidate the bullish thesis. In this scenario, BTC could crash to $30,000 or below $29,100 to collect the sell-side liquidity resting below it.
