an overview of Bitcoin
2024-12-24
Category: None

BTC was in a Rising wedge but the bearish break out happened and the Price has reduced accordingly.

BTC has done positive reactions to 93k support and no divergences are seen on MACD and RSI indicators which suggest that we would see a bullish movement after a candle closes around 93k.

worst case scenario would be that the price ignore the 93k support and continue It's bearish movement.

In that case the next strong support would be around 86700

resistance would be around 107k after the bullish movement
