Welcome to this BTC update.
Timeframe: 4 hours.
Update: BTC just couldn't break above the resistance trendline. It's been 2 days and BTC is consecutively showing red. According to this 4 hours chart, we are still above the support line which is good. If BTC manages to hold this support then we can expect BTC to reach the $25k level once again. Technically, BTC is under a bearish rising wedge pattern, and if it breaks down below the lower support line, we will get the confirmation.
We still have roughly 3 hours. So let's see how the market plays out.
If this idea is helpful to you then do like and share your views.
Thank you.
Timeframe: 4 hours.
Update: BTC just couldn't break above the resistance trendline. It's been 2 days and BTC is consecutively showing red. According to this 4 hours chart, we are still above the support line which is good. If BTC manages to hold this support then we can expect BTC to reach the $25k level once again. Technically, BTC is under a bearish rising wedge pattern, and if it breaks down below the lower support line, we will get the confirmation.
We still have roughly 3 hours. So let's see how the market plays out.
If this idea is helpful to you then do like and share your views.
Thank you.
