DrDovetail

About to break above a weekly btc falling wedge soon?

COINBASE:BTCUSD   比特币
We can see price action is now currently back above the weekly 200ma (in blue). This key moving average has held solid support for most of bitcoins existence and if it can flip back to solidified support here as well then it should allow price to break up out of this falling wedge right around where I have placed the dotted line that charts the measured move of the wedge’s bullish breakout. If we see this occur odds are very likely the bull market will be back on….of course ideally we will still want to see price action eventually create a new higher high which would require a new ath. *not financial advice*
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