Back inside this wedge with $8500 acting as a floor.
Looking at historic volitility it's likely to see increase in volitility before large gains or losses in price. Also worth noting it the last crash we saw is an anomaly on the chart don't act like it's normal.
Looking at the 21 daily MA it's possible price got rejected at it. Bollinger band is now moving above the $8500 price line making it unlikely that price goes below $8500 or even all the way down to 21 daily without a trend reversal. From bullish trend to bearish treand.
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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.