FX.co ★ #Bitcoin M5: Bearish pennant

The Bearish pennant pattern has formed on the #Bitcoin M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 73341.53; the projection of the flagpole height is equal to 36144 pips. In case the price breaks out the pattern’s bottom of 73341.53, the downtrend is expected to continue for further level 73341.38.