Bitcoin Falling Wedge
Updated
Bitcoin, which ran from $16300 levels to $25000 at the beginning of 2023, made the same run from $20200 to $30900 in March 2023.
The landscape that emerges after two runs is seen as a descending wedge.
It has confirmed that there is a new descending wedge formation when it returns from the $25000 level.
If the wedge is broken up, if it repeats its old patterns, we can see at least $36000 levels.
The landscape that emerges after two runs is seen as a descending wedge.
It has confirmed that there is a new descending wedge formation when it returns from the $25000 level.
If the wedge is broken up, if it repeats its old patterns, we can see at least $36000 levels.
Note
The scenario in his analysis continues completely. I still think that a voluminous rise will push Bitcoin to 40 thousand levels.
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