BTC : Potential falling wedge
BTC is consolidating inside a falling wedge on the daily chart and everyone are bearish here. Also, Miners are suffering from breakeven or loss and i expect the bitcoin price to break to the upside.
The weekly RSI is also oversold and a long at breakout will be a good decision. Take profit zones are marked in the charts as Red resistance boxes.
I expect the relief rally to last atleast for a month.
The weekly RSI is also oversold and a long at breakout will be a good decision. Take profit zones are marked in the charts as Red resistance boxes.
I expect the relief rally to last atleast for a month.
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