BTC moves in descending wedge: probable weekly close 29-29.5K$

19 May 2022

Bitcoin is moving in a descending wedge plotted on the weekly chart starting in September 2021. Last week the price touched the EMA 200, a similar event boosted BTC in 2018 and 2020 (see red arrows on the chart). The probable weekly close is expected to be between 29 and 29.5 K$. Next week we should finally be able to see the first green candle