Big move Incoming For BTC! Back to 43k?!
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Here's a quick look a BTC 4 hr chart. As we can see, the price is in a bigger falling wedge. Alongside the falling wedge, the price is also in a bigger symmetrical triangle. For the moment being, the price is getting rejected by the bigger falling wedge. When the price break the falling wedge, we might as well see a break above the symmetrical triangle.
The most important thing to break here is the resistance zone at 42k. If we break the 42k level and hold above it, that'll be a very bullish sign as we then will be above the 200 daily EMA.
Tomorrow, Monday, should be interesting, We might see a bigger move!
The most important thing to break here is the resistance zone at 42k. If we break the 42k level and hold above it, that'll be a very bullish sign as we then will be above the 200 daily EMA.
Tomorrow, Monday, should be interesting, We might see a bigger move!
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1 hr chart - doesn't look bad at all!
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