BTC UPDATE
Bitcoin is currently trading at $104,700 and showing signs of a bearish pattern, similar to the rising wedge breakdown we’ve seen before. Right now, the market is forming some bullish candles, but for any upside move to be valid, BTC must break and close above the resistance zone between $112,200 – $114,400.
If it stays below this level, I personally remain bearish and expect a possible short-term move towards $90,000.
A break below $100,000 will confirm more downside.
For now, market is weak, and caution is needed.
