BTC is showing signs of breaking down from that bearish pennant formation we flagged earlier. The key question now: where are the real targets from here?
Once a consolidation pattern breaks to the downside like this, price typically doesn't stop at random levels. Traders watching this setup need to identify clear support zones below current levels. The breakdown momentum matters—weak breaks often get reclaimed quickly, but strong ones tend to run hard toward meaningful support.
If you've been tracking this technical structure, the next move could define the near-term trend. Whether this is a shake-out before a reversal or the start of deeper selling pressure depends heavily on volume and how price reacts at key support.
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GasOptimizer
· 12-17 18:57
Is it going to fall again? Is it really this time?
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LiquidatedDreams
· 12-17 10:04
It has broken down again, now we need to look at the trading volume.
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FunGibleTom
· 12-14 20:52
Weak decline, let the trading volume speak
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rekt_but_vibing
· 12-14 20:51
Here we go again, that triangle. Is it really going down this time?
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NeverVoteOnDAO
· 12-14 20:50
The weak breakdown this time feels a bit fake; we need to see the trading volume speak.
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NestedFox
· 12-14 20:46
Coming back with this again? If it breaks, it breaks. The key still lies in the volume; breakouts without volume are all fake.
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MevShadowranger
· 12-14 20:31
Another breakout of the flag pattern, how far can this wave fall?
BTC is showing signs of breaking down from that bearish pennant formation we flagged earlier. The key question now: where are the real targets from here?
Once a consolidation pattern breaks to the downside like this, price typically doesn't stop at random levels. Traders watching this setup need to identify clear support zones below current levels. The breakdown momentum matters—weak breaks often get reclaimed quickly, but strong ones tend to run hard toward meaningful support.
If you've been tracking this technical structure, the next move could define the near-term trend. Whether this is a shake-out before a reversal or the start of deeper selling pressure depends heavily on volume and how price reacts at key support.