Bitcoin is trades within wedge and can drop to support line
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Hello traders, I want share with you my opinion about Bitcoin. Watching the chart, we can see how the price formed the seller zone 29630-29965, after which retested it and began to fall. Bitcoin reached the support level 27360, tested it and grew. The price made deep correction, retested the seller zone and continued downward movement. Over time, Bitcoin created a downward wedge in which it is still traded. We see how the price made a correction to the resistance line of the wedge and continued to decline. Over time, Bitcoin broke through the support level and dropped to the support line of wedge. The price retested the support line began to rise, reached the resistance line of the wedge, from which it bounced and decreased. Now the price is trading below the resistance line and can continue the downward movement. I think Bitcoin can continue to fall, so I decided to set two targets, at level 27360 and at level 26950, which coincide with the wedge support line. Please share this idea with your friends and click Boost on TradingView, link below 🚀