BTC touched 42K..What next
BTC has formed rising wedge on daily...Its pretty much overbought on multiple parameters on daily and weekly...
While it can still go higher, chances are less...Lets look at various probable levels...
Normally rising wedge leads to a fall...If BTC remains below 41600, high chance it will drop towards 33200 in coming days...Next level to watch will be 21000.
On the upside, if 41600 is crossed, on 4 hour, 44800 is the target...If 44800 is taken out, looks unlikely but possible, next level is easy 55000.
While it can still go higher, chances are less...Lets look at various probable levels...
Normally rising wedge leads to a fall...If BTC remains below 41600, high chance it will drop towards 33200 in coming days...Next level to watch will be 21000.
On the upside, if 41600 is crossed, on 4 hour, 44800 is the target...If 44800 is taken out, looks unlikely but possible, next level is easy 55000.
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