Hello community members and welcome back to another BTC/USDT chart update.
As we can witness in the chart above, BTC broke the falling wedge pattern upside in a lower time frame and is currently retesting the upper trend line support.
Here more green candles are likely towards the price level of $30k in the upcoming hours.
BTC needs to hold this upper trend...
Using a Fibb retracement indicator, I discovered that ucad is forming an higher highs and higher lows to take off the bearish liquidity that happened in December 2021. And, considering the Fibb trend, it look as if the higher highs and higher lows formed an edge. Considering what I’m seeing on my chart, I’m expecting a bullish move from UCAD after the current higher low.
