BTC triple bottom and descending broadening wedge breakout?
I'm looking at daily timeframe. As always after CPI release/today/ BTC price drops and then pumps doing long and short liquidation. I expect it to drop 18.6-19.1K making triple bottom and moving up.
I think this time it will succeed to break horizontal rectangle resistance and hit 24-25K. Before upward continuation, it will test the broadening wedge trendline as it did previous time mentioned on the chart.
then it will test 28-30K horizontal resistance and broken trendline. As I mentioned in my previous analysis a test of that trendline is inevitable. Check bellow the attached links and pay attention to my previous analysis.
I think this time it will succeed to break horizontal rectangle resistance and hit 24-25K. Before upward continuation, it will test the broadening wedge trendline as it did previous time mentioned on the chart.
then it will test 28-30K horizontal resistance and broken trendline. As I mentioned in my previous analysis a test of that trendline is inevitable. Check bellow the attached links and pay attention to my previous analysis.
