BTC QUICK UPDATE!!

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Welcome to this quick BTC update. Currently, it is trading around the
26.4K level.

According to the chart, BTC is trading inside a falling wedge-like structure which is generally a bullish pattern. After the SEC sued's Binance and Coinbase markets took a dip but recovered strongly within a few hours and this dip made a deviation below the wedge.

As of now price is holding the 26.2k support so we can expect a bounce back from here. The real resistance is at the 27.5k level. Once we break and close above this level expect a good move up to the 32k-BER:33K level.

Also, keep in mind that if we go again below the wedge and close it then bears will take full control and we might see a heavy dump in that case.

As of now, it looks fine to me and looks even better if we are able to break the wedge.

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bitcoinpredictionBTCUSDTChart PatternsFalling WedgeTechnical IndicatorsTrend Analysis

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