BITCOIN: IN NEED OF CORRECTION.
BTC update:
BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at 21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon.
Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to 18k and then a strong rally breaking the 21.5k resistance.
Thank you for reading. Trade safely.
BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at 21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon.
Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to 18k and then a strong rally breaking the 21.5k resistance.
Thank you for reading. Trade safely.
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