Another Dump Pump And Dump Of Bitcoin (BTC)

 


Hi, friends hope you are well and welcome to the new update on Bitcoin:

 

Down channel:

On an hourly time frame, Bitcoin broke down the support of a channel but soon re-enter the same channel and after breaking out the resistance once again entered the channel.

TradingView Chart

 

Head & Shoulder:

On a 4-time frame, BTC is forming the bigger right shoulder of a Head & Shoulder pattern.

TradingView Chart

 

Testing long-term support:

On a weekly time frame, Bitcoin is moving below $19500 support and we need the weekly closing above this level.

TradingView Chart

For a detailed analysis, you can watch the video.


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