Simple TA for BTC
BTC is poised to break fully from a decending wedge.
Measured move is estimate at 8.75-8% taking it initially up to $48600.
Start of breakout zone $4500 to $4556.
MACD and RSi positive positioning.
Reinforced following USA news to not band Crypto and only review regulation for stable coins.
Recent dip following Chinese economical Evergrande dump and China's 100th crypto ban.
Has put BTC in a spring board reaction.
Measured move is estimate at 8.75-8% taking it initially up to $48600.
Start of breakout zone $4500 to $4556.
MACD and RSi positive positioning.
Reinforced following USA news to not band Crypto and only review regulation for stable coins.
Recent dip following Chinese economical Evergrande dump and China's 100th crypto ban.
Has put BTC in a spring board reaction.
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