Posted March 14Mar 14 Bitcoin Technical Analysis (2-Hour Chart)#BTC is currently trading at $83,000.A falling wedge formation has formed on the chart. This formation usually gives a bullish (bullish) signal.BTC is currently trying to break the resistance zone of this formation.However, there is a risk for investors who enter early! Many people open long positions by seeing only the trend line break.However, the real important resistance level is located just above as a horizontal resistance.For a solid rise, both the falling wedge and the horizontal resistance must be broken.
Bitcoin Technical Analysis (2-Hour Chart)
#BTC is currently trading at $83,000.
A falling wedge formation has formed on the chart. This formation usually gives a bullish (bullish) signal.
BTC is currently trying to break the resistance zone of this formation.
However, there is a risk for investors who enter early! Many people open long positions by seeing only the trend line break.
However, the real important resistance level is located just above as a horizontal resistance.
For a solid rise, both the falling wedge and the horizontal resistance must be broken.