BTC So far...Bitcoin printed a massive falling wedge from June 2022 - Jan 2023.
Bitcoin price action broke out of the falling wedge in January 2023 to hit the height of $31500 in July 2023.
Currently
BTC price action is printing a higher high while the RSI print a Lower High.There's a high probability of #bitcoin retracing as a bearish divergence has formed!
BTC Current price: $29,150Supports Below: 28,600, 26,700, 25,100, 23,500
Overhead resistance: 31,500
Note
BTC support at 28,600 hitNote
If BTC cannot maintain support at 28,500 ...then next support at 26, 700 will be tested!
Note
26,700 and 25,100 hit...If
BTC cannot find support at 25,100 then 23,500 is next...Current price: 26,075
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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.