EXCAVO

Bitcoin - large falling wedge

EXCAVO Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
The price on the daily timeframe is moving in a falling wedge. The lower timeframes show downward price compression and liquidity in the $29300-29200 zone. Important next levels and zones: $28850-28650, $28050-28000, $26700. There are many stop-losses of the different caliber of traders behind these levels. There is a high probability that we will harvest it all. It is the road to $20,000. The horizontal volume levels are on the verge of the abyss. Support around $30000 is significant, but if the price breaks through the nearest liquidity zones - the path to $20000 will be almost inevitable, or even lower with some squeeze. After testing $20,000, I expect the price to return to the zone of maximum vertical volume - about $40,000 before the end of 2022.

Best regards,
EXCAVO
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