BTC - Bullish breakout confirmed
Price has been moving sideways for almost 3 weeks within the Dec 4th exhaustive candle range.
The sideways action has formed a small descending wedge, which is traditionally a bullish pattern.
Yesterday's candle has now broken above AND closed above the descending trendline, which indicates a possible end to the bearish price action.
A number of buying opportunities should present themselves in the coming days, especially if price can clear 50k and then
54K resistance zones.
The sideways action has formed a small descending wedge, which is traditionally a bullish pattern.
Yesterday's candle has now broken above AND closed above the descending trendline, which indicates a possible end to the bearish price action.
A number of buying opportunities should present themselves in the coming days, especially if price can clear 50k and then
54K resistance zones.
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