BTC is returning to a strong resistance turned support while also forming a descending wedge. While it’s too early to say if the support will hold/break in the bullish case we can see Bitcoin break out of the wedge, potentially trade sideways before breaking upward resistances and continuing its run from 33k.
Figured I’d post a simple very basic analysis
I’m still pretty new to charting and analysis but this seemed like a simple idea to write down and post to look back on.
Figured I’d post a simple very basic analysis
I’m still pretty new to charting and analysis but this seemed like a simple idea to write down and post to look back on.
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