BTC is at a very important zone at the moment. We are getting close to have a breakout from our rising wedge on daily time frame and this pattern is a bearish pattern most of the times.
Volume is decreasing on daily time frame and it's another factor ehich shows big move is ahead and imminent.
Bearish RSI on daily time frame can increase the probability of BTC breaking down and have a correction.
If BTC breaks above the local top and 104k mark with a good volume we can continue higher and if not, well i guess we gonna see 90k-91k and potentially 83k-85k.
Be prepared for either scenarios so that you can enjoy the ride.
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.