BITCOIN (BTCUSD): Two Scenarios Explained ₿
Very important moment for Bitcoin .
On a daily, the market is currently trading in sideways.
The price has formed a wide horizontal trading range.
Bears are testing its support at the moment.
Here are two scenarios for you to follow:
In case if the price breaks and closes below the underlined support of the range,
many buyers will lose confidence and it will be a trigger for one more selling wave.
The price may respect the underlined support.
Your confirmation to buy the market will be a bullish breakout of a falling wedge pattern on 4H.
It will lead to a bullish move to a resistance of a daily range.
Because I heavily invested in crypto, I remain bull-biased.
But who knows, we must be prepared for everything.
What will happen in your view?