BTC Analysis
05/30/2021
Bitcoin is on a falling wedge now, I think around 9:30 AM UTC is the low and then it will rise up again.
In 1D and Weekly chart, BTC is inside an assymettrical triangle if you measure the wicks, and a bearish pennant if you measure the body, however the wicks presents buying pressure which should bring btc back up to a bull trend.
Be careful about 32.8k support trendline today, should BTC break below it, this is a sign of buying weakness.
Bitcoin is on a falling wedge now, I think around 9:30 AM UTC is the low and then it will rise up again.
In 1D and Weekly chart, BTC is inside an assymettrical triangle if you measure the wicks, and a bearish pennant if you measure the body, however the wicks presents buying pressure which should bring btc back up to a bull trend.
Be careful about 32.8k support trendline today, should BTC break below it, this is a sign of buying weakness.
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