Bitcoin finally seems to be forming a Falling Wedge here in this daily Chart, it has been really boring the last few weeks and that is the reason why I didn't posted any idea for a while, now Bitcoin could start what I believe to me a possible next supper rally before the next Bear Market starts, the initial target could be the top of this Wedge sitting at $109,347, there is a purple line with a possible correction bottom done sitting at $76,819 and a red line sitting at $73,610 in case of the worst think to happen that would be the next correction target but there is always a possibility to go a bit bellow and hit the yellow line of the Wedge and complete the pattern but I have a strong feeling that a breakout to the upside could be in the way soon as there is also Bullish divergences in the RSI on this daily Chart.
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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.