Cabana Capitals Blog Technical Analysis BTCUSD – getting close to resistance of a Rising Wedge

BTCUSD – getting close to resistance of a Rising Wedge

BTCUSD – getting close to resistance of a Rising Wedge post thumbnail image

BTCUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of BTCUSD could test 62398.3711 within the next 19 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by Upward sloping Moving Average

Target: 62398.3711 Entry: 61369.5 Stop: 60351.28

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