Bitcoin is very close to a key decision at this point. The price has yet to break out of the rising wedge. On the bullish side, it has the Ichimoku cloud support on its side, but on the bearish side, it has the strong horizontal resistance zone around $10k threatening to push it off the cliff. Frankly speaking, it is not going to take much to push BTCUSD below the rising wedge at this point. The most probable move is to the downside and therefore I remain bearish. I will be updating this chart regarding bearish entries if and when we have a break below the rising wedge.
LEARNING NEVER STOPS.
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LEARNING NEVER STOPS.
If you liked this analysis, please give it a thumbs up and follow me for more. Good luck with your trades! :')