Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. Currently, it is trading around the
26.4K level.
According to the chart, BTC is trading inside a falling wedge-like structure which is generally a bullish pattern. After the SEC sued's Binance and Coinbase markets took a dip but recovered strongly within a few hours and this dip made a deviation below the wedge.
As of now price is holding the $26.2k support so we can expect a bounce back from here. The real resistance is at the $27.5k level. Once we break and close above this level expect a good move up to the $32k- 33K level.
Also, keep in mind that if we go again below the wedge and close it then bears will take full control and we might see a heavy dump in that case.
As of now, it looks fine to me and looks even better if we are able to break the wedge.
if you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update. Currently, it is trading around the
26.4K level.
According to the chart, BTC is trading inside a falling wedge-like structure which is generally a bullish pattern. After the SEC sued's Binance and Coinbase markets took a dip but recovered strongly within a few hours and this dip made a deviation below the wedge.
As of now price is holding the $26.2k support so we can expect a bounce back from here. The real resistance is at the $27.5k level. Once we break and close above this level expect a good move up to the $32k- 33K level.
Also, keep in mind that if we go again below the wedge and close it then bears will take full control and we might see a heavy dump in that case.
As of now, it looks fine to me and looks even better if we are able to break the wedge.
if you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!