Can Bitcoin rally to new highs? If it can then I officially give up on doing TA on this coin forever... let's see what happens!
For now though, from a TA standpoint it's looking like it should break down from the rising wedge it's in and go to at least the trend line at ~6500
For now though, from a TA standpoint it's looking like it should break down from the rising wedge it's in and go to at least the trend line at ~6500
Note
if BTC falls to about 6900 and comes back up it will form an inverse head and shoulder and go to $8k minimum... I see this as a very likely path for it to take right now.
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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.