Bitcoin Update: 2 hour timeframe

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BTC is still maintaining the rising wedge pattern and testing the support trendline. If BTC manages to hold the support line, then I expect BTC to bounce back close to the 54K range. A breakdown and close below the support trendline will invalidate the bounce.

Trade safely.

١٧ فبراير ٢٠٢٤

ملاحظة

In the 30-minute timeframe, BTC is at the support line of 51.4k. If BTC breaks and closes below this support level, then we can expect 50.2k to be the next support level.
I will come up with a weekly update soon. Stay tuned.
#cryptomarket