What do we know about BTC price movement?
- The price is traded into the channel where the resistance zone is situated near $60000 and supporting zone near $56000
- If the price breaks through the supporting zone it will be a vivid sign to buy this asset in long term. Otherwise, we'll observe how the price is going to reach supporting zone near $56000 or lower.
In global chart 1 day TF, I've mentioned a technical indicator as «rising wedge» – a reversal pattern frequently seen in bear markets. It means that we will see BTC price correction soon.
- The price is traded into the channel where the resistance zone is situated near $60000 and supporting zone near $56000
- If the price breaks through the supporting zone it will be a vivid sign to buy this asset in long term. Otherwise, we'll observe how the price is going to reach supporting zone near $56000 or lower.
In global chart 1 day TF, I've mentioned a technical indicator as «rising wedge» – a reversal pattern frequently seen in bear markets. It means that we will see BTC price correction soon.
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Just nice to see that. I literally want to say BTC "thanks" for giving a nice chance to buy it cheaper :)