BTC was in a Rising wedge but the bearish break out happened and the Price has reduced accordingly.
BTC has done positive reactions to 93k support and no divergences are seen on MACD and RSI indicators which suggest that we would see a bullish movement after a candle closes around 93k.
worst case scenario would be that the price ignore the 93k support and continue It's bearish movement.
In that case the next strong support would be around 86700
resistance would be around 107k after the bullish movement
BTC has done positive reactions to 93k support and no divergences are seen on MACD and RSI indicators which suggest that we would see a bullish movement after a candle closes around 93k.
worst case scenario would be that the price ignore the 93k support and continue It's bearish movement.
In that case the next strong support would be around 86700
resistance would be around 107k after the bullish movement
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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.