BTC/USD Update

BTC briefly wicked below 30k and buyers stepped with big buying volume. For now the price of btc is trading within a descending broadening wedge which usually indicates a bullish reversal. If price continues to also trade above the VWAP we can confirm an uptrend in the short term. The bearish scenario would result in testing 29-30k level again, which can cause weakness for the 30k support level and further downside