Looking at the wedge in which BTC is consolidating for some time now, it is testing the bottom for the 3rd time actually. But, it has not been at the bottom for long. In the past the rebounce was quick, so there are definitely enough buyers keeping it from falling further.
I think it will rebounce again this time, too.
If not, then the next support levels would be 10000, 9200 or less.
Be carefull and prepare to sell if it breaks down through the bottom, as there will be some panic selling probably if this happens. Everybody is looking at this wedge pattern currently.
I think it will rebounce again this time, too.
If not, then the next support levels would be 10000, 9200 or less.
Be carefull and prepare to sell if it breaks down through the bottom, as there will be some panic selling probably if this happens. Everybody is looking at this wedge pattern currently.