BITCOIN - Price can exit from wedge and then start to decline
2025-01-17
Category: None

Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

Some time ago price entered a downward wedge, where it bounced from support line to resistance line of wedge pattern.

Also, price broke $100500 level, but soon broke it again and continued to decline to $92800 level.

When price reached this level, it broke it too and fell to support line, after which bounced and exited from downward wedge.

Then BTC started to trades in upward wedge, where it at once fell from resistance line to support line.

After this, price in a short time rose to resistance line, breaking $92800 with $100500 levels, and now trades near resistance line.

So, I think that Bitcoin can exit from wedge and then bounce down to $98000, breaking $100500 level.

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