After the falling wedge was cancelled and the price broke down from the FRVP support of approximately $67,200, BTC's price behavior has more closely resembled a descending channel than another, larger falling wedge. However, support could be found in another important trading area identified by the FRVP: $62,000. There is a volume vacuum between $63,000 and $66,000, an area with low trade volume. Holding at or around the $62,000 support level and breaking the (now) resistance at $67,000 could be a turning point that propels the price upwards again.
Trade active:
BTC broke resistance and hit the trigger level at $67,200.
Trade active:
BTC broke the FRVP resistance at $67,200 and is now breaking the old ATH resistance of $69,000. A vacuum of trading volume suggests that there are no more resistances until the $72,000 level.