Dec 11 - Bitcoin resistance/support levels & buy/sell zones
Updated
A falling wedge seems to be forming in the prevailing downtrend, which gives the bullish signal that we might be in for a reversal. A bullish breakout would only be confirmed when it takes the price to above 3k6 level.
In case of an unlikely bearish breakout of the wedge to the downside, beware of a potential bear trap. Next stop in the way down would be around 2k7.
In case of an unlikely bearish breakout of the wedge to the downside, beware of a potential bear trap. Next stop in the way down would be around 2k7.
Note
Additionally a bullish divergence can be seen in RSI levels, which would confirm a potential reversal
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