From last 4Weeks , BTC is Trading B/W $32500 -$28000 levels.
In Previous Updates I told You That BTC Formed the Falling Wedge pattern and it may Retest the lower Trendline of The Falling Wedge pattern Before Making any upward Move. BTC is Still inside The Falling Wedge Pattern. Inside the Big Falling Wedge pattern, their is a Small Bearish Flag Pattern also. IF This Bearing Flag Pattern Will be Broken In downside Direction then BTC Can easily Retest the Lower Trendline Of The BIG Falling Wedge pattern. If This Flag Pattern will be Broken In downside direction then i am expecting a Bounce From The lower Trendline of The Falling Wedge pattern Till 35k+ .But keep it in Mind , If this Big Falling Wedge pattern will be Broken also In downside direction then BTC can Retest The $24.5k-$20k Area or more downfall Will be possible Also.
Additional:⚡️
Tomorrow (Friday) the US government will release their Consumer Price Index (CPI) - report on inflation. This report will be a major factor in whether the Fed raises rates more or less aggressively in the US. We want the number to come in lower, which technically should be bullish.
If it comes out 8.3% or higher then we can see Bearish movement in Market, Below 8.3% can cause short term Bullishness
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In Previous Updates I told You That BTC Formed the Falling Wedge pattern and it may Retest the lower Trendline of The Falling Wedge pattern Before Making any upward Move. BTC is Still inside The Falling Wedge Pattern. Inside the Big Falling Wedge pattern, their is a Small Bearish Flag Pattern also. IF This Bearing Flag Pattern Will be Broken In downside Direction then BTC Can easily Retest the Lower Trendline Of The BIG Falling Wedge pattern. If This Flag Pattern will be Broken In downside direction then i am expecting a Bounce From The lower Trendline of The Falling Wedge pattern Till 35k+ .But keep it in Mind , If this Big Falling Wedge pattern will be Broken also In downside direction then BTC can Retest The $24.5k-$20k Area or more downfall Will be possible Also.
Additional:⚡️
Tomorrow (Friday) the US government will release their Consumer Price Index (CPI) - report on inflation. This report will be a major factor in whether the Fed raises rates more or less aggressively in the US. We want the number to come in lower, which technically should be bullish.
If it comes out 8.3% or higher then we can see Bearish movement in Market, Below 8.3% can cause short term Bullishness
hIT THE LIKE BUTTON TO MOTIVATE US