BTC Possible Further Downside Shortterm

3 thg 6, 2022

There's a possibility that BTC might hit lower during the weekend due to the fact that it has formed a rising wedge from a downtrend but still it could also pump to the upside as BTC is unpredictable sometimes and likes to shock people. Another factor that comes to play that I found interesting was that anytime BTC touched twice on the logarithmic lines, it then proceeded with a rally after. At this moment, we have only touched it once, there's a chance we might touch it again soon based on the pattern BTC is forming right now, then once that happens we could have the rally after.

This is just a theory, so it might not happen but there's always a possibility that it could happen. We'll have to see how BTC behaves this weekend.