# Bitcoin update

By [Neon](https://paragraph.com/@neon-3) · 2023-04-07

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#Bitcoin Update (Continuous)

🔹Bitcoin is exhibiting a symmetrical triangle pattern.

🔹The price of Bitcoin has approached the lower trendline of this pattern.

🔹If the pattern breaks down, it could initiate a bearish trend in the Bitcoin price.

🔹The immediate support level for Bitcoin is approximately $27,500.

🔹If the support level of $27,500 is breached, the Bitcoin price may drop to around $27,000.

Stay tuned for more info!!!

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*Originally published on [Neon](https://paragraph.com/@neon-3/bitcoin-update-13)*