Jan. 9 at 7:52 PM
$CLSK A cryptocurrency analyst has pointed out how Bitcoin could risk a crash to
$69,230 if the support level of this Bear Pennant doesn’t hold up. Bitcoin Might Need To Hold Above
$87,200 In a new post on X, analyst Ali Martinez has talked about a support level that BTC might have to hold in order to avoid a steep drop. The level in question is the lower line of a Bear Pennant. A Pennant is a pattern from technical analysis (TA) that’s similar to a Flag. Both of these patterns are characterized by an initial sharp move (commonly known as the “pole”) and a subsequent phase of consolidation. But unlike Flags, which involve a parallel consolidation channel, Pennants involve a triangular channel instead.
