Bitcoin is continuing its uptrend following the Elliott waves pattern. Currently, it's trading within a symmetric triangle pattern, which typically breaks in the direction of the prevailing trend. Get ready for a big move after the breakout
You mean a down trend break out? If yes, yeah, prices goes down hard after hovering around $69k for the past 3 days. Not it's down to $66k, not sure what news that could have triggered this down trend, but I'm speculating that there could be negative news because this market should still be in the sideways, but know it suddenly goes down hard.
So let's see, still very early for this month, nevertheless, if you look at the historical pattern, this month could be negative to us. Not a big down trend like a spiral, but still it could be around this price range of $63k-$66k.