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🛎 – Bitcoin analysis

by Lautaro Arias 04/12/2020, 22:50 205 Views 7 Votes

📍 – Since the beginning of the week we have been warning you that the #bitcoin price was trending down. The asset is within a bullish wedge as we have been mentioned repeatedly throughout the week. Now #bitcoin further confirms if the downtrend is possible, the price has pierced the bottom direction of the rising wedge producing the #breakout which may cause the price to fall more strongly, however the price may try to test the line again lower trend of the wedge that now acts as strong resistance, this means that the price can make a #pullback and continue to drop to the next supports marked on the chart, also the weekend is approaching and always tends to correct at least a little

If we now look at the second chart, we see that the asset may follow the bearish scenario. The price action did not have problems with the bearish channel which it has brought since June.

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