Hello guys,
Yesterday FTX filed bankruptcy and destabilized the crypto market, BTC fell rapidly after the announcement was made.
Right now we can see that BTC is making a direction decision right now.
A wedge formed that will influence the future trend for the next days.
A breakdown would bring BTC to around 14200 dollars and a break to the upside to around 19800 dollars.
The chance of a breakdown from the wedge has a slightly higher technical probability and a fundamentally higher probability to happen.
Good luck trading!
Yesterday FTX filed bankruptcy and destabilized the crypto market, BTC fell rapidly after the announcement was made.
Right now we can see that BTC is making a direction decision right now.
A wedge formed that will influence the future trend for the next days.
A breakdown would bring BTC to around 14200 dollars and a break to the upside to around 19800 dollars.
The chance of a breakdown from the wedge has a slightly higher technical probability and a fundamentally higher probability to happen.
Good luck trading!