Bitcoin/1H exited the rising broadening wedge and stopped at the previous point of pump.
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With this bitcoin dump we expected a new Lower Low to form showing that BULLS are actually OUT of the market but Nope, it held the previous point of pump showing that Bulls still have little bit more left
BTC...
BTC/1H Trying to reach ~24.4
After yesterdays dump to the bottom of the rising broadening wedge (pink line) bitcoin is trying to go higher making a new high ~24.4 where lots of liquidation is.The pink support line is holding bitcoin so inorder to leave 23K there must be a big sell off that breaks through that support
After 24.4 (yellow circle) we could bleed...
Bitcoin MARKET UPDATE
Bitcoin support levels - 20500$ and 20000$ strong Support
Bitcoin resistance - $20700 and 21000$ strong resistance
Market depends upon Bitcoin movement so trade with risk management I updated you about Bitcoin next movement.
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Analysis -
BTC Support is at 20500$ and 20000$ Resistance is at $20700 and $21000 Trade...
Bitcoin, BTCUSDT MARKET UPDATE
Bitcoin support levels - 20000$ and 19500$ strong Support
Bitcoin resistance - $20600 and 21000$ strong resistance
Market depends upon Bitcoin movement so trade carefully with risk management. We updated about btcusdt Bitcoin.
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Analysis -
Bitcoin price struggled to gain pace for a move above the $20,650...
As you can see, with the rsi is forming a bearish divergence, thus it is likely that bitcoin would fall very soon.
Furthermore, we are at the same resistance as the past 2 times.
In conclusion, it would be likely for btc to the major support line. (42K)
