Target: 3000
Risk: 3580
Technical reasons:
The completion of the symmetrical triangle pattern pushed Bitcoin price for more decline and heads to continue the bearish trend inside the main descending channel, expecting to head towards 3000.00 areas mainly.
The negative pressure formed by the exponential moving averages 50 and 100 supports the expected decline, while surpassing 3580.00 will push the price to rise.
Risk: 3580
Technical reasons:
The completion of the symmetrical triangle pattern pushed Bitcoin price for more decline and heads to continue the bearish trend inside the main descending channel, expecting to head towards 3000.00 areas mainly.
The negative pressure formed by the exponential moving averages 50 and 100 supports the expected decline, while surpassing 3580.00 will push the price to rise.