It is very healthy for price action to breakout and then retest the former resistance as support. I am currently watching for bitcoin to at least test 46877 and flip it into support before resuming upwards again. If we break back into the former falling wedge look for 46000 as the next support level.
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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.