Bitcoin Update and Analysis

Hi everyone, welcome back to my blog. Nothing much to discuss in market, so I will keep today's Bitcoin update quite brief, please excuse for today.

🔶 Bitcoin forms a bearish pennant pattern. A breakdown of this pattern could take the Bitcoin price near $15,000. Volume is still decreasing which is not a good sign.

🔶 To wrong this bearish pattern Bitcoin needs to give daily candle closing above this pattern with a good volume to gain some bullish momentum.

🔶 Bitcoin Dominance Also holding above its major support area of 43.18% from where we can expect a pump and some correction in altcoins.