Bitcoin / Tether
Short
Updated

BITCOIN - Price can reach resistance line of wedge and then drop

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Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

Some time ago price started to decline inside falling channel, where it aat once boucned from support line and rose to resistance line.

Then it continued to fall and reached $91300 level, broke it soon, and continued to decline next.

Price exited from channel and started to trades inside wedge, where it at once made upward impulse to $91300 level.

After this, price some time traded near $91300 level and then in a short time declined to support area.

But soon, BTC bounced from this area and recently it started to grow from $80000 support level.

In my mind, Bitcoin can rise to resistance line and then drop to $77850 support line of wedge pattern.

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BTC made movement up, so I expect that it can rise a little more and then drop to the wedge's support line.

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