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On the technical side, bitcoin still tested the key zone of 25.000-25.200 and even removed liquidity a little lower.
While we are seeing such an interesting formation on the bitcoin chart "Descending Bullish Wedge" which often works out well, we can already see a small reaction from the lower support zone of the wedge.
At the moment, it is important to return the asset to $26,300-26,500 in order to continue the path to the local resistance of $27,500, I hope this will not be long in coming!
Happy trading everyone!
On the technical side, bitcoin still tested the key zone of 25.000-25.200 and even removed liquidity a little lower.
While we are seeing such an interesting formation on the bitcoin chart "Descending Bullish Wedge" which often works out well, we can already see a small reaction from the lower support zone of the wedge.
At the moment, it is important to return the asset to $26,300-26,500 in order to continue the path to the local resistance of $27,500, I hope this will not be long in coming!
Happy trading everyone!
