Bitcoin technical analysis. BTC-USDT on December 05, 2018

December 5, 2018

The descending channel still directs the market movement down, we can work out the bear pennant. As we see, the market fails to consolidate above current resistances. To get a reversal, most likely, we will look for the soil below. 3580 is a good support, but nobody canceled the opportunity to break through the levels below. You should not panic, such drawdowns are noticeable in the entire history of the formation of the graph. Such situations are not the end, but only the opportunity to catch an asset at a low price.

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