Bitcoin’s weekly chart shows the recent breakdown from the descending triangle
the next support level of $10,000
A similar pennant pattern in forming in Ethereum on the daily chart:
, I am waiting to see if Bitcoin and Ethereum will break down from their pennant patterns with heavy volume for confirmation
If a breakdown occurs, it will likely signal that another wave of the crypto winter or crypto bear market is ahead
Such a breakdown would likely coincide with additional scandals in the crypto world
a serious loss of confidence as investors and traders jettison cryptocurrencies and related investments
Bitcoin has fallen sharply after the FTX cryptocurrency exchange experienced a liquidity
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