🔥 Bitcoin Bearish Wedge: Make It Or Break It

Two days ago I made an analysis on Bitcoin and the bearish wedge in which it was trading.

After almost dropping 10% in a day, Bitcoin is currently trading near the support area of this bearish wedge. Ideally, BTC reverses sharply from this area and pushes back to 66k+ today. Most bearish case would be for BTC to close the day below the support line.

Overall, I'm still very bullish on Bitcoin and the state of the market. However, there's a decent chance that we're going to touche the support area in the coming week or so. Traders are vastly over-leveraged and greed is reigning.

I'm not expecting BTC to fall through the support area, since I'm a firm believer that the cycle will continue in the coming months.

Happy trading!