BITCOIN: BACK TO THE SUPPORT LINE.
Welcome to this BTC update.
Timeframe: 4 hours.
Update: BTC just couldn't break above the resistance trendline. It's been 2 days and BTC is consecutively showing red. According to this 4 hours chart, we are still above the support line which is good. If BTC manages to hold this support then we can expect BTC to reach the
25K level once again. Technically, BTC is under a bearish rising wedge pattern, and if it breaks down below the lower support line, we will get the confirmation.
We still have roughly 3 hours. So let's see how the market plays out.
If this idea is helpful to you then do like and share your views.
Thank you.
Timeframe: 4 hours.
Update: BTC just couldn't break above the resistance trendline. It's been 2 days and BTC is consecutively showing red. According to this 4 hours chart, we are still above the support line which is good. If BTC manages to hold this support then we can expect BTC to reach the
25K level once again. Technically, BTC is under a bearish rising wedge pattern, and if it breaks down below the lower support line, we will get the confirmation.We still have roughly 3 hours. So let's see how the market plays out.
If this idea is helpful to you then do like and share your views.
Thank you.
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