BitcoinUpdated Bitcoin Next steps
I won't update my latest ideas where the dump was forecasted but will make a new one with the further movement of Bitocin.
If we go past 6.6 we have major resistances right now that were supports for the past 4-5 months : 6.7~7.2k area
I assume bitcoin will maximum reach 7.2 and then fall hard.If it can't go above 6.6 it will drop to 5.8 first,then 4.9.
Yesterday i didn't fomo with the rest because i knew it will come back eventually,retesting supports.
If we go past 6.6 we have major resistances right now that were supports for the past 4-5 months : 6.7~7.2k area
I assume bitcoin will maximum reach 7.2 and then fall hard.If it can't go above 6.6 it will drop to 5.8 first,then 4.9.
Yesterday i didn't fomo with the rest because i knew it will come back eventually,retesting supports.
Note
Again a rising wedge,to invalidate it has it go above 6.6
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Disclaimer
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.