* Bitcoin in 2H time frame is moving in rising channel pattern, forming higher-highs and higher-lows.
* The rising channel also includes falling wedges in it.
* Every time Bitcoin breaks the falling wedge it gives a good bullish move.
* Bitcoin has support-1 near
46K and support-2 near $44k including the support of 200-EMA.
* In order to continue the rally Bitcoin needs to break upper trend-line of the falling wedge.
* The rising channel also includes falling wedges in it.
* Every time Bitcoin breaks the falling wedge it gives a good bullish move.
* Bitcoin has support-1 near
46K and support-2 near $44k including the support of 200-EMA.* In order to continue the rally Bitcoin needs to break upper trend-line of the falling wedge.
Note
Bitcoin broken it's lower trend-line it can drop till the support-1
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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.