Bitcoin: Descending Broadening Wedge

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

cryptoshort

Well today's, FinCEN files & news-driven event collapsed 10-15% various financial assets including crypto.

Recalling on investing dot com, I mentioned several times, bitcoin has printed a descending broadening wedge post-2019 failed rally (COVID-19). The uptrend remains intact if BTC does not enter into the wedge again.

If you have fear and looking for the best buy opportunity, there is nothing. The only thing you can do is to see the price making higher lows. 9K if awarded could be the last opportunity.

As long as this wedge remains intact, I remain bullish on bitcoin from mid to long term.

Short term, I am only seeking scalping within the 500-800 range.

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