Will Bitcoin Fall More?

Bitcoin’s weekly chart shows the recent breakdown from the descending triangle

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the next support level of $10,000

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A similar pennant pattern in forming in Ethereum on the daily chart:

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, I am waiting to see if Bitcoin and Ethereum will break down from their pennant patterns with heavy volume for confirmation

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If a breakdown occurs, it will likely signal that another wave of the crypto winter or crypto bear market is ahead

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Such a breakdown would likely coincide with additional scandals in the crypto world

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a serious loss of confidence as investors and traders jettison cryptocurrencies and related investments

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Bitcoin has fallen sharply after the FTX cryptocurrency exchange experienced a liquidity

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