Rising Wedge, Likely to Fall Back to Resistance
Updated
BTC price is coming up against strong resistance at around 12,000 mark. It's likely to test against this price several times before a breakthrough is made, hence it's likely that price will fall back to support.
Comment
Price is likely to find support at around 8,200.
Trade active
Likely to fall further. The pattern fits a double top neckline retest.
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.