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Welcome to this quick BTC update. BTC is still at the same range of
29K
level.
It is forming a rising wedge-like structure in the daily time frame and currently, at the lower trendline of the wedge. If it breaks down from here then expect a big dump in the next month.
If it holds the lower trendline and bounce then we might see another small pump up to
31K
-$32k but this scenario is less likely IMO.
We have strong support at around the
25K
level. So there is a high chance that we visit the
25K
level before any big upside move.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update. BTC is still at the same range of
29K
level. It is forming a rising wedge-like structure in the daily time frame and currently, at the lower trendline of the wedge. If it breaks down from here then expect a big dump in the next month.
If it holds the lower trendline and bounce then we might see another small pump up to
31K
-$32k but this scenario is less likely IMO. We have strong support at around the
25K
level. So there is a high chance that we visit the
25K
level before any big upside move. What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
BTC breaks down the rising wedge as expected and going perfectly according to the chart. Hope you took seriously my last update and save yourself in this dump.
In LTF, we have small support around the $28k-$28.3k level so we might see some small bounce up to the