Bitcoin could form a potential falling wedge.
It could as well as break upside as each triangle breakout as it could range lower for the whole February month like in 2017.
If it ranges between 27,000$ and 30,000$ for one month, it could finally touch the SMA 100 which is a crucial support in a Bitcoin bull market where it usually bounces back, recovers, forms a new trend and reach a new potential ATH.
For traders this is a good period to Swing and/or Scalp and for holders to do a DCA and accumulate more bitcoins.
It could as well as break upside as each triangle breakout as it could range lower for the whole February month like in 2017.
If it ranges between 27,000$ and 30,000$ for one month, it could finally touch the SMA 100 which is a crucial support in a Bitcoin bull market where it usually bounces back, recovers, forms a new trend and reach a new potential ATH.
For traders this is a good period to Swing and/or Scalp and for holders to do a DCA and accumulate more bitcoins.
Comment:
