Bitcoin (BTC) is currently making its third attempt at breaking out from a short-term descending wedge in order to resume its upward movement.
The descending wedge is normally considered a bullish pattern, meaning that it leads to breakouts the majority of the time.
Sponsored SponsoredSo, the main horizontal resistance area is now at $23,750, slightly above the previously outlined Fib support.
BTC wave count analysisThe most likely wave count suggests that Bitcoin has begun wave three of a five-wave upward move (yellow).
For Be[in]Cryptoâ€™s previous Bitcoin (BTC) analysis, click here
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