BTC tried to break out of this descending wedge/triangle (take your pick) only to be pulled straight back in with quite a sharp move down through a LVN in the last day or two. Looks like today will be a green day after breaking seven consecutive days of red on volume.
The next month or so are going to be crucial for Bitcoin, as this downward bearish market is coming to a decision within this falling wedge.
I imagine a decision will be made before the red cross, and i'd like to see a break above the wedge then a bounce off it and further up side to become bullish.
The next month or so are going to be crucial for Bitcoin, as this downward bearish market is coming to a decision within this falling wedge.
I imagine a decision will be made before the red cross, and i'd like to see a break above the wedge then a bounce off it and further up side to become bullish.