Faibik

Bitcoin | Massive Bullish Rally Coming??

Long
BITFINEX:BTCUSD   Bitcoin


Bitcoin has been Consolidating in Massive Falling Wedge from Last 2 Years..

Weekly RSI Already broke the 2-Year Downtrend.

Massive RSI Bullish Divergence has also in Play.

Hash Ribbon Flashed "Buy Signal" too..

Bitcoin Bulls need to Clear the 22k Crucial Resistance With More Buying Volume to Confirm the Wedge Breakout.

- If Breakout happens here, Expecting +120-150% Bullish Rally in the Midterm.

- If Bitcoin Bulls fail to Clear the Resistance, then It Might Revisit the 15,700-15,800 Support Area.

Keep in Mind that We're Still in Downtrend until Bitcoin Close the Weekly Candle Above 22k Crucial Resistance, So If You're Looking for ENTRY Better to Wait for Confirmations.





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