$BTC Bitcoin's Broadening Wedge...
BTC price action is printing a broadening Wedge!After Bitcoin hit a low of around the 48.9k region after it massively rejected the 60.5k area!
Current price: 59,350
if price action is able to reclaim and close above the prime area of 60.5k then expect #btc to journey back to 72k. Also Expect #altcoin Explosion when this happens.
Up Resistances from current Price: 60.5k, 62.4k, 64.3k, 67k, 69.8k, 71.5k
Else bitcoin will continue to reject 60.5k and retest supports: 57.5k, 54.5k, 52.2k
However this is a more optimistic call than pessimistic as market emotion is in extreme fear!
Commentaire
price action has hit 60500 and has remained above! I'm bullish!!! #altseasonCommentaire
My optimism was wrong.
Bitcoin though still respecting the broadening wedge...
Rejected 60.5 and found a Bottom around 52K. Spot on Support!
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