Cryp_Trades

Bitcoin falling wedge

BITFINEX:BTCUSD   Bitcoin
One can draw a variety of chart patterns for BTC at this point and I believe there is at least some truth to most of them but today I wanted to share a falling wedge that has been forming over the past months. We have recently failed to break out of this pattern and see now heading towards the support at around 30k after a potential breakdown of the bear flag that BTC has traded in since the beginning of ‘22. I believe that if we do go down to the 30k region, we will hold it as support and finally push through the upper resistance line. When this happens we will likely see a strong uptrend followed by another alt season. For now accumulate and wait.
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