As we can see btc is in a formed rising wedge which keeps bouncing of both support and resistance.
We can see btc is now trying to consolidate above 56K. We should see a nice bounce followed by a tweezer back to the support line. From there we should see a movement once more to successfully rise above 60k then retest. After that we should potentially see a nice strong break of this wedge to the upside.
Although rising wedges tend to be bearish, btc is still in full bull with its recent high. Major influences are coming on board, America is still dropping stimulus which is more money printed. With all the extrinsic factors going on, btc should continue to rise.
This is not investment advice, just your regular TA .
Stay Safu - ChartSafu CryptoSAfu
We can see btc is now trying to consolidate above 56K. We should see a nice bounce followed by a tweezer back to the support line. From there we should see a movement once more to successfully rise above 60k then retest. After that we should potentially see a nice strong break of this wedge to the upside.
Although rising wedges tend to be bearish, btc is still in full bull with its recent high. Major influences are coming on board, America is still dropping stimulus which is more money printed. With all the extrinsic factors going on, btc should continue to rise.
This is not investment advice, just your regular TA .
Stay Safu - ChartSafu CryptoSAfu