Bitcoin is forming a rising wedge which is typically a bearish formation. Remember this is bitcoin and during this time the momentum and the trend is up. This market is also being run on FOMO and the news (which we will probably have at the beginning of the week.)
Bullish Technical Target is 55k
Immediate Buy Zone 30-40K
* Bearish patterns in the crypto market can quickly become bullish.
* Corrections of 30-60% will come if you are trading be prepared.
* Everyone is a genius in a bull market - while you are buying others are taking profit on 1,000+% gains. Keep this in mind the higher we rise.
Bullish Technical Target is 55k
Immediate Buy Zone 30-40K
* Bearish patterns in the crypto market can quickly become bullish.
* Corrections of 30-60% will come if you are trading be prepared.
* Everyone is a genius in a bull market - while you are buying others are taking profit on 1,000+% gains. Keep this in mind the higher we rise.
Comment:
Rising wedge broke down look for support levels