Bitcoin $BTC
The wedge broke downwards
and it is now at support 113900-113400
We monitor the areas in white
Quick Analysis – BTC Two-Hour Frame:
There is a clear descending wedge.
White Line: Breaking it upwards → Signal for the start of an upward wave (the wedge is usually reversal).
Red Line: Breaking it downwards → Signal for a support break and the price moving downwards.
The descending wedge is often reversal → the upward movement is the stronger possibility.
However, the price may continue in a sideways channel as we pointed out in the previous analysis.
$BTC
There is a clear descending wedge.
White Line: Breaking it upwards → Signal for the start of an upward wave (the wedge is usually reversal).
Red Line: Breaking it downwards → Signal for a support break and the price moving downwards.
The descending wedge is often reversal → the upward movement is the stronger possibility.
However, the price may continue in a sideways channel as we pointed out in the previous analysis.
$BTC
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BTC
114,335.43
+0.73%
