Trying to ascertain Bitcoin's near term future.
Bitcoin is struggling to hold it's current level.
A short ascending wedge is forming leading up to the 10,500 level.
Volume falling on the weak climb.
I don't see the bulls charging in to consolidate here.
Worth noting that if it keeps bouncing and finding support at 10k - 9.5k whilst it's highs get lower it will create a descending triangle which is bearish.
Looks like lower levels might be coming if the descending triangle is confirmed and a break out down occurs
A short ascending wedge is forming leading up to the 10,500 level.
Volume falling on the weak climb.
I don't see the bulls charging in to consolidate here.
Worth noting that if it keeps bouncing and finding support at 10k - 9.5k whilst it's highs get lower it will create a descending triangle which is bearish.
Looks like lower levels might be coming if the descending triangle is confirmed and a break out down occurs
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