BTCUSD
appears to be forming a bearish rising wedge on the 4 hours chart. If the rising wedge breaks and Bitcoin -3.97% falls below the green support zone , look out below.
Comment:
Bitcoin may now be forming a bullish falling wedge. If we breakout above the wedge resistance and make it above the green zone, we could see new highs.
On the longer term charts, the uptrend in Bitcoin is still very intact.