๐Ÿ”ฅ Bitcoin: What Is Next

We've all experienced the crypto sell-off earlier today. A sell-off with a magnitude we haven't seen in quite a while now: high to low of almost -18.5%!

Sell offs like these are natural in overextended markets like crypto is at the moment. A positive note is that Bitcoin has reversed from the support level that I drew in my previous Bitcoin analysis:

๐Ÿ”ฅ Bitcoin Wedge Break-Out


For now, we're going to trade this reversal.

On the chart Iโ€™ve marked two potential areas of resistance, R1 based at the ATH and R2 based at 60k. Do your own due diligence.

Happy trading!
Bitcoin (Cryptocurrency)BTCChart PatternscryptoTechnical IndicatorsreversalTrend Analysisusdt

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