BITCOIN (BTCUSD): Detailed Technical Outlook
https://www.tradingview.com/x/P5N2ByUl/
Since the beginning of June, Bitcoin is not in a good shape.
The market is trading in a minor bearish trend and formed
a falling expanding wedge pattern.
The test of a huge confluence zone based on a trend line of the wedge
and a horizontal demand zone triggered a strong rejection.
For now, the market is accumulating within a narrow range.
I believe that a bullish breakout of the resistance of the wedge
and a daily candle close above that can be an important bullish trigger.
The market may start a strong up movement then.
❤️Please, support my work with like, thank you!❤️
Since the beginning of June, Bitcoin is not in a good shape.
The market is trading in a minor bearish trend and formed
a falling expanding wedge pattern.
The test of a huge confluence zone based on a trend line of the wedge
and a horizontal demand zone triggered a strong rejection.
For now, the market is accumulating within a narrow range.
I believe that a bullish breakout of the resistance of the wedge
and a daily candle close above that can be an important bullish trigger.
The market may start a strong up movement then.
❤️Please, support my work with like, thank you!❤️
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