Bitcoin has formed a long-term rising wedge and it looks as if we're at a support level currently after the 20% that happened yesterday. As you can see, the volatility is dramatically increasing as we progress in this rising wedge. However, once we progress further in the parabolic phase this wedge must be broken out of to the upside.
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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.