BTC is gonna reach 20k or not?

Bitcoin / U.S. Dollar

as you can see there are quite a lot of signs that suggest a massive bearish movement for BTC .as you can see there was a bearish pennant pattern on the BTC chart which we talked about few days ago that now has been broken downwardly! another thing is that a death cross is happening (when Small SMA is gonna cross the Big SMA Downwardly It’s called Death cross! On BTC 50 days SMA has the potential to cross the 200 days SMA!) another bearish sign is that there is a Hidden Bearish Divergence (-HD) on MACD which of course can help the bears out! another thing is that we can see that the MACD line is gonna Cross the signal line downwardly! another thing is if we Put Parabolic SAR on the chart we can see a Dot above the Daily candle has just been created so yeah All signs suggest a bearish movement as much as the pennant pole all the way to 20k! there is a support for Bitcoin at 30K which if It fails to keep the Support there is no there target other than 20k!

Our more recent analysis of BTC /USD:

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