BITCOIN - Falling wedge!?
It is more than obvious that the downtrend is strong, the background of the financial market is unstable and it is difficult to predict anything, especially if we include the unpredictable events of the state of war in Europe.
The fact is that the downtrend line can be broken... The next cycle is still a long way off, which does not mean that the price will continue to fall
The price is currently sitting on strong support, at least for now we can say that. A breakout of this could result in a drop to around $17,500, which would be the last chance for the Falling Wedge to work out in favor of the bulls.
Failure to do so could take the price down to $14,000, which would be somewhere around 80% away from the top (also not unusual for BTC).
Let's see what time will show...
This is my personal opinion and is not financial advice.
Previous idea:
The fact is that the downtrend line can be broken... The next cycle is still a long way off, which does not mean that the price will continue to fall
The price is currently sitting on strong support, at least for now we can say that. A breakout of this could result in a drop to around $17,500, which would be the last chance for the Falling Wedge to work out in favor of the bulls.
Failure to do so could take the price down to $14,000, which would be somewhere around 80% away from the top (also not unusual for BTC).
Let's see what time will show...
This is my personal opinion and is not financial advice.
Previous idea:
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