#BITCOIN DESCENDING BROADENING WEDGE !!! ๐๐งต
#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 patternโs 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.
![image](https://pbs.twimg.com/media/GCxsjgOWQAACUKU.jpg)
Twitter@CryptoKidcom|18:18 PM - Jan 1, 2024
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