BITCOIN Correction should be over soon. Bullish Signals Visible

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BTCUSDT is currently in its correction phase after its intense rally upwards.

Currently BTC is trading inside this Falling Wedge which is an extremely bullish continuation pattern, wedge is confirmed by the dropping decreasing volume. Also, the price is taking support at the 200EMA and the RSI is showing a Bullish Divergence on the 4 hours chart.

All these are some good bullish signals suggesting the uptrend is to continue hence Soon a breakout over the upper trendline.

However Since its weekend so like every weekend we might see drop in prices hence there might me a slim chance that the price would go down the wedge but there are lots of support levels between 38k and 42k.

The Support at 40k,laying on the 0.786 fib extension of the 'A' corrective wave is the strongest and its highly unlikely that the price would go below that. BUT anything could be possible so always use stoploss and this is just an idea so lets see what happens. I hope a bullish breakout happens.


All suggestions and corrections are welcomed :)