A soon as a 4H candle closed outside the formation, things have started to accelerate, and the price dropped down to the mid 52K area where the Bulls have stepped back in.
Currently, the price is retesting the bottom of the Pennant. What happens next here is crucial, at least in our opinion, because if we get a Rejection, it would be seen as a Bearish Confirmation which could give enough confidence to the Bears to go out and attack BTC again.
Join our Free Group here for more: https://t.me/eliteelliott
#bitcoin #trading #trade #cypto #cryptocurrency