However, the FVG lies within a bigger symmetrical triangle – a common chart pattern that signals a period of consolidation before a major price move. As seen in the chart above, it is formed by two converging trendlines, narrowing structure suggests growing pressure, often leading to a breakout or breakdown as the market seeks direction. Based on recent developments, BTC has retested and now broken through through the lower boundary of the symmetrical triangle indicating a potential for further downside. According to Titan of Crypto, possible price targets for Bitcoin in this event include the previous weekly low at $102, 679, failure of which to act as a strong support zone would force prices to around the psychological $100,000 zone.
As earlier stated, BTC is trading at $103,402 with losses of 1.88% and 7.02% on the weekly and monthly chat. Meanwhile, the daily asset trading volume is up by 38.31% and valued at $50.14.
