Phenomenal cryptocurrency analyst Rekt Capital pointed out the reversal formation in Bitcoin (BTC), and suggested that the decline may deepen with the break of the $27,000 support.
Rekt Capital In recent social media posts, bitcoin He gave signals that there might be a pullback in particular. While the analyst states that Bitcoin is in a consolidation period, in the short term 27 thousand dollars a support correction he said he could come and double top formation drew attention:
Bitcoin has formed a double top. The first part of the model was formed in 10 days. We are currently on day 7 of the second part of the model. The next few days will be crucial to determine whether the double top has fully formed.
Rekt Capital, 27 thousand dollars Although he says that the band can be an important support for the short term, losing my support ve confirmation of double top pattern in case of a deeper fall waiting:
Bitcoin is struggling with high top (black) resistance. It will remain trendless while consolidating between the higher top resistance and $27,000 (green) support. A drop to the green support level may come soon. Losing this level means confirming a deeper reversal.
On the other hand, the analyst has recently taken a similar long-term view. macro falling trend is broken but in the short run 25 thousand dollars indicated that a correction could be made to the band.
CoinGecko data in the last 24 hours 0.2% declining bitcoinat the time of writing from $28,033 is being traded.
