BTC is currently attempting to breakout the falling wedge that was formed from he past 20 days, it is already broken on the 1H and 4H time frame, a breakout of the support area at 20835$ marked by the green line and a retest to that area may lead BTC to the next rally.
If BTC couldn't breakout the resistance area at 20835$, then the most probably scenerio is going...
BTC currently aiming to reach the next important support level at around 18876$ marked by the bleu line.
A falling wedge also forming at the moment, a retest of the support area and breakout above the falling wedge which is a bullish pattern may lead BTC to start climbing again and retest some higher levels.
If a breakout to the down side happens, BTC could suffer...
The Pair BTC/USDT is currently consolidating and forming a horizontal channel on the 1H time frame over the support area (Green Line).
A breakout on the up side of the pattern (Orange Line) with some volume can lead BTC to retest the resistance area at 22572$ (Red Line).
On the other side, a breakout on the downside will lead the price of BTC to go directly lower...
Bitcoin/USDT has broken the ascending channel the past day and has broken also the critical support at 22572 USDT (RED LINE), leading the pair to come down and retest some lower prices.
In the main time BTC is standing between the previos broken support level at 22572 USDT that was flipped as a resistance for the pair now, and the next support level to watch at...
The pair Near/USDT is forming a falling wedge on the 4H time frame (Green lines), the pair also testing an important fib area between 0.5 and 0.618 on the daily time frame, which coincide with the bullish trend line on the daily (the yellow line) , if the pair could retest all the supports (Horizontal green line) and go up from there, that may lead to push the...
BTC is creating an ascending channel which is a bearish pattern, at the moment the the pair is still moving between the channel, a breakout to the down side will lead the Bitcoin to go back and test the previos bottom at 1760.
For this to happen, BTC need to break the support level at 22500, close above this level and see some volume for confirmation.
