Bitcoin, after breaking down a rising wedge channel, is trading in a box on the downside.
If this box breaks out, Bitcoin could move upward.
But if this box breaks down and the candle closes on the downside, then the next support for Bitcoin would be at 75,500.
At the moment, there is no call for a long position, nor for a short position.
If you want to open a risk-free long position, then you can take the first long entry near the 78,000 area.
#BTC #bitcoinnews #cryptonews #cryptomarket
If this box breaks out, Bitcoin could move upward.
But if this box breaks down and the candle closes on the downside, then the next support for Bitcoin would be at 75,500.
At the moment, there is no call for a long position, nor for a short position.
If you want to open a risk-free long position, then you can take the first long entry near the 78,000 area.
#BTC #bitcoinnews #cryptonews #cryptomarket