BTC formed a big wedge over a long period of time and we now seem to break down. We got a big retest which is a clear breakdown. The target of this wedge is at 32k.
The wedge is basically bullish because it has a flat resistance. We also formed a double top which is a very bad sign for Bitcoin. Especially cryptos react very hard to double tops. All in all I would say Bitcoin will got down to a range between 25k and 35k.
Have a great day!
The wedge is basically bullish because it has a flat resistance. We also formed a double top which is a very bad sign for Bitcoin. Especially cryptos react very hard to double tops. All in all I would say Bitcoin will got down to a range between 25k and 35k.
Have a great day!