Elon musk announced, you can now buy TESLA with Bitcoin. we saw a couple thousand pump and then now a falling to the bottom of the wedge
For Bitcoin to continue its upside, BTC has to break out of the triangle in the short term. Hopefully we see a bounce from the bottom of the Descending Triangle and a breakout.
Bearish Target would be around the 45k area and Bullish target would be somewhere close to 65k.
"Descending Triangle"
The ascending triangle is a Bearish formation
Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best!
"Chance favors the prepared mind.” – Louis Pasteur
Please like, subscribe and share your ideas and charts with the community!
Disclaimer!
Information provided is not a financial advice, it is only educational purposes. You make your own choice!
For Bitcoin to continue its upside, BTC has to break out of the triangle in the short term. Hopefully we see a bounce from the bottom of the Descending Triangle and a breakout.
Bearish Target would be around the 45k area and Bullish target would be somewhere close to 65k.
"Descending Triangle"
The ascending triangle is a Bearish formation
Thank you, Traders, for taking your time to have a look at my Analysis. Have a fantastic day and a safe trading, all the Best!
"Chance favors the prepared mind.” – Louis Pasteur
Please like, subscribe and share your ideas and charts with the community!
Disclaimer!
Information provided is not a financial advice, it is only educational purposes. You make your own choice!