BTCUSD - the price seems to have broke out the rising wedge
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The rising wedge has broke, the price has managed to breakout the support level of the rising wedge pointing at further moves down. The price may take a break and retrace slightly before continuing bearish. I believe the price could fall as far as $6,600 then it will reach a strong support level. I would keep everyone updated on my findings with cryptocurrencies.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.