Bitcoin broke above major trendline of falling wedge going back to all-time highs.
In this case the line of resistance is steeper than the support.
A falling wedge is usually indicative that an asset’s price will rise and break through the level of resistance.
In this case the line of resistance is steeper than the support.
A falling wedge is usually indicative that an asset’s price will rise and break through the level of resistance.
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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.