BITCOIN - Price can reach resistance line of wedge and then drop

14 Mar

Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

Some time ago price started to decline inside falling channel, where it aat once boucned from support line and rose to resistance line.

Then it continued to fall and reached $91300 level, broke it soon, and continued to decline next.

Price exited from channel and started to trades inside wedge, where it at once made upward impulse to $91300 level.

After this, price some time traded near $91300 level and then in a short time declined to support area.

But soon, BTC bounced from this area and recently it started to grow from $80000 support level.

In my mind, Bitcoin can rise to resistance line and then drop to $77850 support line of wedge pattern.

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15 Mar

İşlem aktif

BTC made movement up, so I expect that it can rise a little more and then drop to the wedge's support line.