BTC ended up breaking down from the Pennant as the Bulls were unable to keep the price inside the formation.

A sharp sell-off has occurred once the bottom of the Pennant got broken and BTC dropped down towards the previous low around 33k and made its way down to the low 32K area. The Bulls are now trying to reclaim 33K are, but this level is already acting as Resistance. If BTC gets rejected here, then a Bear-Flag could form. This will incentivize the Bears to make another attack which would have the potential to send BTC back down towards 30K. Join our Free Group here for full TA: https://t.me/eliteelliott

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