CryptoPM
CryptoPM @CryptoPM
#BTC/USDT ANALYSIS

BTC pumped with a decent volume after the breakout of the falling wedge. Bullish divergence also played out perfectly. It was rejected from the MA 200 and retesting above the MA 100 and the Ichimoku cloud.

A successful retest and breakout of the MA 200 would be a sign of the continuation of the bullish move, while in case of a failed retest, a correction is also expected.

#BTCUSDT #BTCUSDTAnalysis #BTCupdate
CryptoPM
CryptoPM @CryptoPM
#BTC/USDT ANALYSIS

BTC bounced from the support trendline of the falling wedge and now it is on the verge of the falling wedge breakout, where Ichimoku cloud and MA 100 are acting as resistance.

RSI bullish divergence is in action. A solid breakout of the falling wedge would confirm a decent bullish rally in the market.

#BTCupdate #BTCUSDTAnalysis #BTCUSDT #BTC #bitcoin
CryptoPM
CryptoPM @CryptoPM
#BTC/USDT ANALYSIS

BTC got rejected from the previous high resistance. It is retesting above the horizontal support. A successful retest and a solid breakout of the past high would confirm a strong bullish move.

In case of further correction, it will test the falling wedge and the lower marked horizontal support.

#BTC #bitcoin #btcusdt #BTCUSDT #BTCUSDTAnalysis