The huge rising wedge
Bitcoin is currently on an important support area, which includes important support levels, including the monthly Camarilla Pivot overlap and the yellow static support that has repeatedly supported the price.
Also, the top lines with the bulky part of the profile volume indicator are almost at the same price. This shows how reliable the 29 and 30 range are
I envisage the price for two scenarios. If the price moves upwards, the most serious resistance in front of it is 34800, which if it fails to break, it can bring the price to at least 30,000.
The second scenario, if the significant range of 30,000 can not support the price, the next bitcoin station is 23,600. Because the monthly candlestick did not close well, I consider the second scenario more likely.
Also, the top lines with the bulky part of the profile volume indicator are almost at the same price. This shows how reliable the 29 and 30 range are
I envisage the price for two scenarios. If the price moves upwards, the most serious resistance in front of it is 34800, which if it fails to break, it can bring the price to at least 30,000.
The second scenario, if the significant range of 30,000 can not support the price, the next bitcoin station is 23,600. Because the monthly candlestick did not close well, I consider the second scenario more likely.
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