$BTC Bitcoin's Ascending Broadening Wedge
Updated
Bitcoin #btc has remained in an Ascending Broadening Wedge from January 2023 till Now - 8 months!
BTC has seen a rise from about 15500 to 31500.
An Ascending Broadening Wedge usually falls 75% of the time!
BTC current price: 29,418
Down Supports: 28,600, 26,700, 25,100, 23,500, 21,500,
Above resistance: 31,500
BTC has seen a rise from about 15500 to 31500.An Ascending Broadening Wedge usually falls 75% of the time!
BTC current price: 29,418Down Supports: 28,600, 26,700, 25,100, 23,500, 21,500,
Above resistance: 31,500
Note
BTC is breaking down from the broadening wedge....Note
Down Supports 28,600, 26,700, 25,100 all cleared in one swoop down!
BTC needs to Maintain support at 25,100 Else even lower prices.Note
BTC maintained support around the critical level of 25100 and is able to move up to higher prices. Current Price: 27,200.Prevailing resistance around 28600 needs to broken for even higher prices...else 26700 and 25100 will be retested!
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