BTC small correction before upside

٣ ديسمبر ٢٠٢١

On the 4h chart
BTC can potentially revisit local support before breakout end of the Week End. We can also determine a triangle formation that has the same base as the ascending channel.

On the daily we have a falling wedge and with the support we have a confirmation that the price can reject on that level of 53k .

Summary:
-Important support @ 53k that needs to be held in order to validate this idea
- Upside resistance at around $55.500 that needs to be broken
- Potential move is to the next big resistance of $65500
- Upside move could start Sunday-Monday

#Sublime