Yorvos

Yorvos

After that intense fall from above 12000, Bitcoin has bottomed at it reliable long-term trending support. A rising wedge was formed, which broke on Saturday. Now, BTC appears to have formed a second, longer rising wedge. This rising wedge will fail in the next week and we will likely see BTC retrace to its support at around 10050. After this point, BTC looks set...

Yorvos

Bitcoin has been volatile and without clear direction since falling from its local high of 13800~. Anyone who has paid attention lately is aware that BTC has formed a steady upward-trending support, and has been rising throughout the last week on low, but steadily increasing, daily volume. The bulls might have pierced this channel briefly, but they failed to hold...