Bitcoin's next move

Updated

Here we go again! BTC broke the white downward channel/wedge which indicates that the downside momentum is gaining more strenght. Price found support at 21000-20750 zone (zoom out), but I think we are just going to test the resistance confluence around 21300 (white and lime downtrendlines) and then we could see reversal and then another leg down to finally hit the yellow channel lower edge.

See the two ideas right down below to get the full story!

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Note

Well, that didn't turn out well ... BTC pumped hard after the FED's funds rate decision. Still be interesting to watch if the resistance 23200-23320 and yellow channel uper edge holds.

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