๐ฅ Bitcoin Bearish Outlook: Short-Term Falling Wedge
BTC has formed a rising wedge over the course of the last several weeks. Classically, this pattern is a bearish continuation pattern, so that's where we'll be looking at today.
In my view, BTC will either fall through the support soon, or BTC will reverse back towards the top resistance of the pattern. Be patient for the break out and wait for a candle close below the support. Bearish targets in blue.
In my view, BTC will either fall through the support soon, or BTC will reverse back towards the top resistance of the pattern. Be patient for the break out and wait for a candle close below the support. Bearish targets in blue.
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