BITCOIN IS NEAR TO THE MOST DANGEROUS AREA!
Greetings all,
1. Main bearish trend line from 65k
2. 100 MA
Both in the same area of 40200 - 40500
Both are reacting as resistances.
Falling wedge from 65k it owns wave c downside.
In my opinion bitcoin is near to the big rejection area.
Only if we break above and we retest with success the main
downtrend line, then btc will have hope for more upside momentum.
GL
1. Main bearish trend line from 65k
2. 100 MA
Both in the same area of 40200 - 40500
Both are reacting as resistances.
Falling wedge from 65k it owns wave c downside.
In my opinion bitcoin is near to the big rejection area.
Only if we break above and we retest with success the main
downtrend line, then btc will have hope for more upside momentum.
GL