BitcoinShort
Bitcoin Still in Falling Wedge Resistance
Bitcoin rises to the top of the channel in last weeks Bullish breakout
The resulting rally ran out of steam near 6+ month trend line resistance and staying inside of the falling wedge.
If Bitcoin is unable to get the legs to break through the resistance we could be looking at a pullback to the bottom of the wedge for another touch at support near 13k area. It is to be noted that the Monthly 100MA is support is lurking in the 12-13k area forming long term support.
If the bottom isn't already in, I'm looking to find it in the 12k - 13k area
The resulting rally ran out of steam near 6+ month trend line resistance and staying inside of the falling wedge.
If Bitcoin is unable to get the legs to break through the resistance we could be looking at a pullback to the bottom of the wedge for another touch at support near 13k area. It is to be noted that the Monthly 100MA is support is lurking in the 12-13k area forming long term support.
If the bottom isn't already in, I'm looking to find it in the 12k - 13k area
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