BitcoinShort
BTC short term bearish?
The falling wedge from the previous update has been playing out but at a weak pace. It's been taking longer than anticipated. The sell off we got right before the breakout took a lot of steam from the move and made 25.k a difficult level to beat. We've gotten pretty close to the low end of the target(67.7k) now but we seem to be making a new consolidation on the way up. It looks like a rising wedge on declining volume. It can take us to 63k before forming a new consolidation. If this breaks UP, we will hit the 69k level but for now I'm leaning towards a pull back.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.