Bitcoin started falling in Mid-May of this year and it's been 2 months now that it has been consolidating.
So where it is Heading Now?
Will it breaks its Nearest Support i.e. 29000?
Let's See it on Charts:
There is a major trendline that it is following since May.
It's Forming Descending Triangle Pattern.
Which usually according to technicals means Buyers are getting weak and we are able to see a series of higher lows again and again.
Trend is also a downtrend so the probability is high it may break 29000 in the coming days.
- So these dotted Lines are the immediate trendline that BTC is currently respecting.
So the time only tells where the BTC will head.
Good-luck Trading!
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