BTC - Rising wedge breakdown

22 giu 2022

As discussed yesterday it seems BTC buyers have been losing momentum as we formed a doji on the daily. Here we can see a rising wedge has been formed on the 2H which is normally a bearish pattern. Rising wedges usually have a price target of the bottom of the wedge which would be around that key $18000 level. There is also a scenario where we go higher to retest our old support as new resistance and then make a move lower.