Crypto Kid

#BITCOIN DESCENDING BROADENING WEDGE !!! 👇🧵

#Bitcoin is currently forming a descending broadening wedge on the 4H timeframe.

There are a couple of factors to assess when identifying the probability of a breakout in a particular direction.

If $BTC can break above the pattern’s resistance with a confirmation by retesting the current resistance, following a pick-up in the volume, we may see a break to $44.6k for a liquidity collection.

If we reverse from the resistance, the range of $40.5k - $40.8k will, in my opinion, provide good support.