Bitcoin Update 5/02/2018: Broke the falling wedge, More bears to come!

in bitcoin •  7 years ago 


Bitcoin was forming a falling wedge chart pattern but broke it downwards and is now looking for a support. Minor support is present at 6900 which is a level to look for but major support is sitting at 5500-6000 Dollars.
Note: This is not a financial advice. Its just my Analysis.
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My bet is that Bitcoin will start to curve up from 4700. Just need some good news as catalyst.

yes..most probably from 4883 :P