As I was wrapping up this chart, BTC appears to be falling out of this rising wedge. This is typically a bearish pattern and its not unusual for breakouts to retest support along the way. My target for the retest is around 62k based on the limited trade volume in this range, and it is about 50% on the way to our first target at ~64k.
If you are looking for a long entry, look for a strong confirmation of a bounce from 62k and tp around 64k. This is invalidated if we fall below 62k, in which case we will retest the March resistance again around 61.5k. Below that would be the March close at 59.8k.
Good luck.
If you are looking for a long entry, look for a strong confirmation of a bounce from 62k and tp around 64k. This is invalidated if we fall below 62k, in which case we will retest the March resistance again around 61.5k. Below that would be the March close at 59.8k.
Good luck.
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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.