Bitcoin Could Print A Three Black Crows Pattern This Quarter, And The Target Is Low
Bitcoin concluded the first quarter bearishly, suggesting the cryptocurrency may not have reached its bottom. Analyst Ming highlights that this signals bearish control, with further declines possible. The key level to watch is $58,900; a break below could form a Three Black Crows pattern—historically bearish and potentially leading to over a 30% drop. Conversely, holding above this level might push Bitcoin back to the $71,300–$74,400 range. However, even in that scenario, a bearish retest remains likely before any further downward movement.
bitcoinist04/03 13:33
