nagihatoum

BTC in a rising wedge above major resistances

COINBASE:BTCUSD   Bitcoin
Bitcoin is in a funny position, uber bullish and uber bearish at the same time. Bitcoin blasted through major resistances (blue box) which are now support, but bitcoin is at end of rising wedge whose target is in the support zone in green.

will bitcoin fall back down or pump up to $7777 to meet the supply line of the major descending midterm channel?

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.