Bitcoin consistently suprise traders and investors. Last week we had a sell off and sentiment are bearish, and might reach the local top. But as you can see, bitcoin daily is in a rising wedge patten, which typically is a bearish signal if it breaks down the lower trendline. Then sideways movements are expected.
On the other hands, if we keep going up and break the upper trendline, we can enter the porobalic stage and reach the 100k level soon.
On the other hands, if we keep going up and break the upper trendline, we can enter the porobalic stage and reach the 100k level soon.
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Up or Down?
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Probability still favors the bull if we are not breaking the support. Currently double bottom wedge bull flag forming.
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