Bitcoin Expected to Drop Below 17k – Weekly Chart View

When we view bitcoin in weekly range. Its forming XABCD pattern. Going by this logic we think there is still some downside momentum left. It can further go down till 16867 USD and can expect a sharp reversal from that point.

At the time of writing bitcoin is trading at 18433 USD.

Note: All these analysis are only for education purpose and not any financial advice.

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