Bitcoin must NOT break below this wedge
Bitcoin has been firmly within this gently descending since January 20th. Today is likely to mark our third attempt on its rising and the shows us nicely primed for an impending rise back up to resistance at $8750 over the next few weeks – and possibly through it for a nice bull run.
However, BTC has been at the floor of the StochRSI for most of the past three weeks and has really struggled to get any kind of buying momentum… it is key that Bitcoin does not push through the support over the next few days, or this may well turn into a . What do you foresee – incoming bull run or a push further down?
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