Falling wedge is forming on Bitcoin

Hello, everyone!

Many traders see the very dangerous situation on the Bitcoin price chart. The current situation looks like the descending triangle which was formed at the $45500 and was broken down. The current lower highs lower lows price action looks very dangerous but it is forming the falling narrowing wedge which in combination with RSI bullish divergence have the high probability to be broken to the upside.

Trade easy with Smart tools
Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform
Get started

Similar blog posts

Experience the next level of trading efficiency