Michael_Winner

Rising Channel on BTC Chart can push price lower, back below 30k

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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As I can see, now price trades inside rising wedge .
This is bearish pattern as you can known.
But the pattern, frankly speaking, is not quite clearly visible.
This is something similar to classic rising channel from books.
I think price still can sometime trades inside pattern.
But at the end I think price will go lower and exit downward from wedge .
First support level and target is level 28000$ and second support/target is around local low 25400$.

I expect this scenario, so be prepare for next movements.
Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.

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