In a short time-frame, BTC has formed a bullish falling wedge as the price bounced between support and resistance in a downward trend. This has all occurred within a large descending triangle.
Considering the pattern, the target price should be at around $10800, however, taking into account a major resistance line from the descending triangle, it is reasonable to estimate a price that does not exceed $10650.
Considering the pattern, the target price should be at around $10800, however, taking into account a major resistance line from the descending triangle, it is reasonable to estimate a price that does not exceed $10650.