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$BTC the bears looking to take over here, at least in the near-term.
Price action showing resistance on the 1 hour 200MA.
We can see a breakdown of the blue rising wedge with the bearish retest.
The measured move of the rising wedge is to the base of the rising wedge at $62,264. If thats broken there is another move to $59,177.
If the bulls are able to break above the 1 hour 200 MA which some of the indicators are pointing to.
We cold see the rising wedge break upwards.
When a rising wedge breaks to the upside, it'll usually do so in a parabolic move.
This would likely test the four hour two hundred and may currently at $68,463.
A lot of mixed signals rights now...
NFA, DYOR ⚠️
#Crypto #Trading #BTC