IBIT broke down, and the pattern morphed into a broadening wedge. I still expect it to hit $65. Watch for a MACD crossover as an inflection point. The 50-day moving average (50DMA) will act as resistance.For the bulls $51 needs to hold.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.