Hey everyone,
Quick update on Bitcoin. We have a falling wedge. Technically it's bullish but currently, the upper trendline is acting as resistance.
With that said, we might lower targets with a dump and run scenario with a target of 37.5k. If this level doesn't hold. We will officially be in a bear market as what we had will be considered as the complacency phase of the psychology of market cycle. Let's hope that this is not the end.
Trade safely,
Aloo2k
Quick update on Bitcoin. We have a falling wedge. Technically it's bullish but currently, the upper trendline is acting as resistance.
With that said, we might lower targets with a dump and run scenario with a target of 37.5k. If this level doesn't hold. We will officially be in a bear market as what we had will be considered as the complacency phase of the psychology of market cycle. Let's hope that this is not the end.
Trade safely,
Aloo2k
