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BTC: BREAKS DOWN THIS RISING WEDGE PATTERN!!

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KUCOIN:BTCUSDT   Bitcoin / Tether
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#BTC(Update)

Bitcoin breakout this rising wedge pattern in a 4hours timeframe.
we have 22750$, 21600,19k as support.
According to this pattern, BTC will drop up to the lower support which is around 19k.



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#BTC UPDATE

BTC took correction after the breakdown of the rising wedge and as expected, BTC drops and currently trading above the second support which is around $21650.

There is a possibility of a bounce from here and if it breaks down to that level with a retest below it, then the next main support for bulls to defend is $21K.

4houes candle closes in 1hour let's see if it will be able to hold this second support or not.

Stay tuned

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