Bitcoin bearish flag is reaching the apex

Bitcoin bearish flag in the full swing

 

Bitcoin is testing again 24000. It is the upper bound of the bearish flag which the instrument can’t break above. A rejection here and a break below 21000 would lead to downside continuation, while a confirmed break above 24000 is required for the reversal higher and a test of 28000.

Note: look for the short trade entries with the stop loss above 24000 as the downtrend is intact

 

Bitcoin bearish flag

 

 

 

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