Bitcoin is in a falling wedge pattern created from the high at $41,337 earlier this month and the support level right above $30,838.
From here it looks like BTC tried to breakout and got rejected off of the $37,560 resistance and came back down to trade inside of the downtrend again. Looks like Bitcoin will find a potential support right underneath $30,838 level and bounce off the bottom of this falling wedge before breaking out to the topside.
From here it looks like BTC tried to breakout and got rejected off of the $37,560 resistance and came back down to trade inside of the downtrend again. Looks like Bitcoin will find a potential support right underneath $30,838 level and bounce off the bottom of this falling wedge before breaking out to the topside.