BITCOIN BROKE THE DESCENDING TRIANGLE | DUMP IMMINENT | IS TEZOS TOPPING OUT?

BITCOIN broke the descending triangle but getting a support from 7K. The 2D MACD is still hesitating to cross over. The bitcoin chart looks bearish overall.
The 0.618 pull back based on logarithmic scale is at 5500. Could bitcoin get a support from 5500 just like it did at 50% pull bat at 6500?
6H MACD did get a bullish cross over that ended up failing. Now seems like bulls have to wait for another opportunity to take control of the momentum. But as up no, Bitcoin is dump is imminent if the 6H MACD does not get another bullish cross over.
The good news about the bulls is that the daily is still bullish on the MACD. So if the bulls want to take full control of the momentum, They will have to avoid a bearish cross over on the MACD by keeping the price NOT to close below 6500 to 6800 for several days.

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Disclaimer: This is not financial advise. This content is for entertainment purposes only and it is my own opinion. Please do your own research before investing in any financial markets.

BITCOIN BROKE THE DESCENDING TRIANGLE | DUMP IMMINENT | IS TEZOS TOPPING OUT?

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Kane Dane