Bitcoin is not looking that well... check out this last candles
Bitcoin has indeed broken out of the ascending wedge as we had analyzed; however, I’m quite concerned about the very prominent indecision candle that formed during the breakout. This has me a bit worried.
If we look at the last two days, they’ve also been indecisive candles. This doesn’t necessarily mean that a Bitcoin correction is imminent, but if the price starts losing momentum after several days of sideways movement with wick-heavy candles, it doesn’t paint a very positive picture for the days ahead.
Anything can happen—Bitcoin’s volatility is very high, and the crypto market is currently very bullish. For now, it’s just a matter of waiting to see Bitcoin’s next move and how it reacts.
Best regards!
If we look at the last two days, they’ve also been indecisive candles. This doesn’t necessarily mean that a Bitcoin correction is imminent, but if the price starts losing momentum after several days of sideways movement with wick-heavy candles, it doesn’t paint a very positive picture for the days ahead.
Anything can happen—Bitcoin’s volatility is very high, and the crypto market is currently very bullish. For now, it’s just a matter of waiting to see Bitcoin’s next move and how it reacts.
Best regards!
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