#BTC (Update) In 4h timeframe, Bitcoin is Moving in Rising We | Crypto Cove

#BTC (Update)

In 4h timeframe, Bitcoin is Moving in Rising Wedge Pattern.

RSI (Relative Strength Index) Indicator Printing Bearish Divergence.

4h MA50 (BLUE) Acting As KEY Support (48.8k)

If Bulls Lost the MA50 Support & WEDGE Broken Downside, Bitcoin Might test the 40k Support Area.

In Bullish Case, If Bitcoin Remains Above the MA50 and WEDGE Broken Upside, expecting Another HIGHER HIGH (55k)

https://www.tradingview.com/x/k2i4L4uZ/