BTC Update!
Bitcoin is forming a Falling Wedge Pattern and also there is bullish divergence formed on RSI. and it's still holding Trendline as well. The Falling Wedge is a bullish pattern and we may see an upward breakout soon. The resistance line of the falling wedge is near $48,320. Bitcoin needs to go above $50,000 to turn the market sentiments bullish.
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.