Community post
Bitcoin in danger 🚨
Bitcoin forming head and shoulder pattern and broke this with high volume
and it's target is so scary.
And in this chart we can see a clear uptrend still holding. The trend line was broken but Bitcoin could not make lower low it made equal low because of the gigantic support zone which was the previous 0.5 fibonacci retracement zone. But one thing, if bitcoin breaks this support zone then bitcoin's character will completely change and then it will make lower low which is not good for bitcoin.
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