Bitcoin (BTC/USDT) technical analysis

29 nov 2021

Currently, we are in an inverted triangle correction wave 4. When the two downtrend lines within the corrective wave break and we see an increase in buy volume, the next uptrend wave probably start. Recently, we had a fake break in the lower side of the wedge. Now, the first downtrend minor line has broken, this might be fake too; both minor downtrend lines have to break. Price can bounce between the two minor downtrend lines for a while before choosing a direction.