BITCOIN ( Rising Wedge Pattern )
Updated
Now that bitcoin has fallen below 30k, this may be a hard reality to accept. but if bitcoin wants to hit 100k, btc must have a strong push or footing below. I see there is a rising wedge patter pattern that occurs in bitcoin. A rising wedge pattern after an uptrend usually leads to reversal ( downtrend) while a rising wedge formed drig a dowtrend typically results i an continuation ( downtend ). as you can see, the price came from a downtrend before consolidating and sketching higher highs and even higher lows.
I expect bitcoin to have strong support in the 19k-21k area. that means bitcoin has experienced nearly -80%-70% since falling from ATH. Exactly the same as bitcoin's fall in 2018.
if I suggest, for now, don't ALL this is your money to buy bitcoin or crypto, do a gradual accumulation. If bitcoin breaks the MA200 (20k-24k), Bitcoin has the potential to fall to 10k.
We recommend investing in BTCDOWN or Accumulating on the spot.
Thankyou.
I expect bitcoin to have strong support in the 19k-21k area. that means bitcoin has experienced nearly -80%-70% since falling from ATH. Exactly the same as bitcoin's fall in 2018.
if I suggest, for now, don't ALL this is your money to buy bitcoin or crypto, do a gradual accumulation. If bitcoin breaks the MA200 (20k-24k), Bitcoin has the potential to fall to 10k.
We recommend investing in BTCDOWN or Accumulating on the spot.
Thankyou.
Trade active
bitcoin has touched $20 k ( strongers support bitcoin). and get ready for ATH
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