#BITCOIN $BTC Stuck in Pennant 01.06.2021

$BTC today was again rejected at 8 EMA and closed just below. Unbelievable resistance. The coin is charting the Pennant and seems to be there for few more days.


As soon as a Pennant boundary is broken through, we would have a direction. So far, a significant bearish pressure from the monthly and weekly frames. If the Pennant is broken down, target – ~8700.

I observe similar shapes in $ETH and $ADA and I hope I am deeply mistaken.

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