Rising wedge weekly Bitcoin chart. It will hit lower trendline B

2021年8月27日

Bitcoin will hit lower trendline (Trendline B). There is a rising wedge formation on the weekly bitcoin chart. You can google what it means. We have completed retesting that rising wedge and will see lower prices soon. My target is 20k minimum. Ultimately will hit that lower trendline. Volume is on downtrend, which is also a bearish indicator. If the lower trendline B is broken, that will lead to way lower price. But I do not think there will be a breakdown of Lower trendline B. We will see what happens when it hits the lower trendline B.

This is not a financial advice. Do your own research before investing.

2021年8月27日

註釋

This is a repost of my June 16, 2021 Analysis