Possible Rising Wedge BTC/USDT

BTC been on quite the run latley, however momentum on the MACD has leveled out on the 4hr chart and a Rising Wedge pattern is forming. Both bearish signals. If the Rising Wedge holds true we will see a drop to the $4290 Support and if that fails, then a test of $4100. Good news is BTC is still bullish, riding above the 50SMA on the 4hr however we should expect reasonable corrections on the climb back to ATH.


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