🔥 Bitcoin Falling Wedge: Waiting For Break Out

١٣ فبراير ٢٠٢٣

Where Bitcoin seemed to show strength over the weekend, it gave all the gains away today. However, this gave us the opportunity to draw a resistance trend line of which the price bounced two times earlier today.

Seeing that Bitcoin is showing more weakness than strength in the short-term, there's a decent probability that we can go lower from this point. Nevertheless, I think that this resistance line is one we should keep in mind when looking at short-term reversal plays.

Targets in blue. Wait for a confirmed break out.