Look for the big short!
Hello everyone, BTC/USD weekly seems to form a rising wedge and we can clearly see that since we bottomed around $3700 which got a lot of demand, price kept going up slowly but volume kept decreasing on its way up.
Also as long as long we remain in this long term descending channel i clearly do not see us going higher than around $8800.
I think we could double top around that price level and I will remain overall bearish unless Bulls are able to break above that strong level of resistance.
Let's wait and see!
Also as long as long we remain in this long term descending channel i clearly do not see us going higher than around $8800.
I think we could double top around that price level and I will remain overall bearish unless Bulls are able to break above that strong level of resistance.
Let's wait and see!
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