BITCOIN BULLISH PATTERN STILL STRONG - 06/17/2021

Jun 17, 2021

Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks!

The reason this is still bullish:

• We had a golden cross plotted
  
• We are still in the rising wedge
  
• We bounced off the wedge and closed above 39K indicating a reversal
  
• We have a mild support around $38,600 were we consolidated around couple hours
  
• Currently we are still above 39K a push pass $39.5 would be extremely bullish
  

Where things can go bearish:

• If we dip below the rising wedge
  
• Falling below $38,000 can lead to test the next support at $37,500 area
  
• The RSI is getting close to the Overbought range