The narrowing, rising wedge is a bearish pattern. Combined with strong resistance at 50k, this suggests BTC will perhaps retest this psychologically important boundary one or two times before falling in value to regroup.
RSI tells a slightly different story indicating a bullish environment, so be careful. And most importantly: don't listen to me, I know nothing.
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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.