Bitcoin is currently forming a descending wedge and approaching the lower part of it. I think Bitcoin/the whole crypto market will keep moving side-ways at around 7k (300b marketcap) for the next week.
Note
Approaching the triangle support at around 7k.
Note
Beautiful bounce right off the support line. Looks like a bullish engulfing candle is forming.
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.