🔥 Bitcoin Falling Wedge: Waiting For Break Out
Where Bitcoin seemed to show strength over the weekend, it gave all the gains away today. However, this gave us the opportunity to draw a resistance trend line of which the price bounced two times earlier today.
Seeing that Bitcoin is showing more weakness than strength in the short-term, there's a decent probability that we can go lower from this point. Nevertheless, I think that this resistance line is one we should keep in mind when looking at short-term reversal plays.
Targets in blue. Wait for a confirmed break out.
Seeing that Bitcoin is showing more weakness than strength in the short-term, there's a decent probability that we can go lower from this point. Nevertheless, I think that this resistance line is one we should keep in mind when looking at short-term reversal plays.
Targets in blue. Wait for a confirmed break out.
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