BTC has been trading in a triangle pattern (in orange on the chart) for some time now. Yesterday the pattern broke to the downside. BTC fell to the next support zone that is around 1950€. Currently that support is holding but should that one break we may have a dip all the way to the next support zone around 1750€.
As I explained in last week's post we have seen this kind of corrections already in January and March and I mentioned that this one was probably not over as this one seemed a bit mild compared to the large increase in price experienced in April and May. I expect prices to eventually head back up if the 1975€ support is not broken.
