Volatility is inbound and a drop is now valued at over 58%
Bitcoin has been finding support on the wedge after exiting from it but right now that level ceases to exist!
We could be experiencing a drop to 50k the same way we could experience a rise to the 58k resistance.
In any case, the chances of a rise back to the 60k mark are not enough to support Buying setups.
ps. Sometimes we need to go lower, to a level where some big buyers (and a lot smaller ones) are waiting to reenter or re-enter.
Round number of 50 might be what we need to see before going higher to 70k
the FXPROFESSOR
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