BTC- The calm before the storm
Yesterday, the Bitcoin price was brought down by a failure of the rising wedge it has formed and rumors that the U.S. Treasury Department may soon accuse a number of financial institutions of using cryptocurrencies to launder money.
Today, it looks like we will retest the wedge before moving further down. 59K is a key level, so keep an eye on it!
TARGET 1: 50.000
TARGET 2: 43000
Trade safe! Follow for more!
Today, it looks like we will retest the wedge before moving further down. 59K is a key level, so keep an eye on it!
TARGET 1: 50.000
TARGET 2: 43000
Trade safe! Follow for more!
Note
It didn t fully retest the 59K but it was enough for the price to touch 57.5K before moving further down!
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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.