Currently, Bitcoin is finding support at the first support zone of 60500 to 62000. If this support zone breaks, Bitcoin can test the following levels:-
54800 to 56500
52500 to 53400
47000 to 50200
These support levels are dynamic and change with time. I will constantly update the levels
In the daily time frame Bitcoin can be seen forming a rising wedge or an upward channel. It might stay within the wedge for a long period of time. We might see it testing the upper trendline of the wedge close to 58K to 59K after which we can see a correction. Or it might also break the wedge towards the upside. Although rising wedge is a bearish pattern, the...
