Bitcoin just breakout the Falling Wedge Pattern!!
This could be increasing the probability for the Bulls to regain momentum.
What we need to pay attention is the Fibo Level 50% at $34.400 and also EMA 21.
So I'd rather say it's gonna be around $34.300 - $34.500.
If the price can breaks level $37.000 then we might see a strong bounce for Bitcoin to level around $41.000.
But, if $32.000 couldn't hold the price of Bitcoin then the downside risk would become very likely to happen.
Disclaimer : Not Financial Advice!!
This could be increasing the probability for the Bulls to regain momentum.
What we need to pay attention is the Fibo Level 50% at $34.400 and also EMA 21.
So I'd rather say it's gonna be around $34.300 - $34.500.
If the price can breaks level $37.000 then we might see a strong bounce for Bitcoin to level around $41.000.
But, if $32.000 couldn't hold the price of Bitcoin then the downside risk would become very likely to happen.
Disclaimer : Not Financial Advice!!