As the hype over the impending Spot Bitcoin ETF announcement builds, a buying frenzy is taking over the crypto market. What is $BTC going to do when the news finally drops?
Bitcoin held firm as it reached down to make another touch of its upward trendline early on Monday, and once that had happened it was all systems go.
A big green candle
Source: Trading View
Monday’s green candle encompassed 9.3% from absolute bottom to the top, and managed to break out of the upward wedge – a hugely bullish move.
Price ready to surge once again
On Tuesday, the price has so far confirmed the top of the wedge. However, in a shorter time frame the price is coming down to the top of the wedge once again. Both the 4-hour and 8-hour stochastic RSIs have crossed downward, so it wouldn’t be a complete surprise to see the price enter back into the wedge, thereby making the breakout a fakeout.
Be that as it may, with Wednesday penned in by many as the potential day for the SEC to make its announcement, th
We współpracy z: https://cryptodaily.co.uk/2024/01/bitcoin-breaks-out-correction-or-continued-price-surge
