From what we have seen today, bitcoin drop quite sharply and there can be a possibility of bitcoin breakdown side of the rising wedge pattern. Where the possibility is that after breaking down the pattern, it will try to retest the fib 78.60% and drop with a possible of 30% which there is a strong support at 600.000.000.
After the issue bitcoin will be bearish due to the double top, it looks like it didn't happen. In this time btcidr raises a buy signal againbecause there is a pennant pattern, look for your buying point from now.
In the 1D timeframe, the price is dominated by the UPtrend by looking at the RSI and MACD indicators.
Currently, prices are trading around 117 million above the MA 100 line and will sideways between 114 million (MA 200) to 120 million before being able to break the red trendline and the resistance zone requires a strong upward push
All signals will become invalid...