$BTC Urgent 4H Chart Analysis, Update Part 3!!! 📢
I got some bad news for you, read to find out more!
We are in the post-Bitcoin halving period, so technical analyses doesn't always play out as expected. Anything can happen!
The Original Analysis:
Bitcoin finds support at 61k, breaks to the upside of falling wedge and rises to 68k
Update Part 1:
Exactly as predicted, Bitcoin has found support at 61k and is right now consolidating at this level. Now we are waiting for a solid confirmation and a new test of breaking to the upside of this falling wedge.
Update Part 2 (See linked post):
Exactly as predicted, Bitcoin broke to the upside of this falling wedge and has now also confirmed it by gaining support from the upper trendline! Now we are waiting for it to rise to this predicted 68k level.
Update Part 3:
Not exactly as predicted, Bitcoin reached 65k instead of predicted 68k. Marked with blue trend lines on the attached image, you can see that it has formed bearish rising wedge. MACD and VOL is decreasing, so we could assume this is going to break to the downside and Bitcoin will visit 59K and possibly lower levels in the upcoming days.
