BTC ❗️❗️ Critical Decisive paths! for BITSTAMP:BTCUSD by BigLava — TradingView

Yesterday BTC aims towards local support ( orange line). After trying to attempt this support area we started seeing a nice uptrend.

Scenario 1 👉 Currently you can see BTC is forming this small rising wedge towards new ATH major resistance area . the 24 – 24300 area. This resistance area marks a critical resistance target. If we close above 24300, we can expect to see a trend towards that channel resistance. (red line)

Scenario 2 👉 If we see heavy rejection from this area, we can expect to see a break in the rising wedge . Which will lead us towards next local support zone (orange line.)

If support can not hold at the 22300 area 20,500 support would be next target.

📣 BTC is very volatile and coins are getting moved around exchanges. Entering only after confirmation of rejection at resistance or break in resistance would be your best option.

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