This correction appears to be forming a clear bullish wedge.
The price may continue to fall slightly and test the limits of this formation.
If BTC holds within this wedge, then you could argue that by the end of February the price will pump out of it.
If so, this correction was quite superficial and at best, BTC tests the 23k support.
That would be quite bullish and allow the price to revert on the uptrend towards 28k which is a major resistance.
Lets see how this develops. Let me know in the comments your thought.
Like and follow if you liked this idea.
The price may continue to fall slightly and test the limits of this formation.
If BTC holds within this wedge, then you could argue that by the end of February the price will pump out of it.
If so, this correction was quite superficial and at best, BTC tests the 23k support.
That would be quite bullish and allow the price to revert on the uptrend towards 28k which is a major resistance.
Lets see how this develops. Let me know in the comments your thought.
Like and follow if you liked this idea.
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