Healthy retracement is forecasted in the short term for Bitcoin. If it plays out, the drop will be towards the red rectangular area, target area is $5,565 which is the base of the wedge.
The other potential scenario is that Bitcoin will break out from the resistance line up towards $6,430, although with low probability.
Place your stops at appropriate levels.
Happy trading! :)
The other potential scenario is that Bitcoin will break out from the resistance line up towards $6,430, although with low probability.
Place your stops at appropriate levels.
Happy trading! :)