#Bitcoin- Was the recent break a false one? Will Btc rise to 25k?
Since the recent high at 25k and the break under the rising wedge , Bitcoin has fallen, but the drop is in steps, with tight lows, and is drawing a falling wedge .
All this for me suggests no selling power at this moment and bullish accumulation on levels.
The recent drop under 19500 support can very well be a false one and a break back above would confirm this outlook and give scope to continuation to at least 22k.
In the longer term, the price can even rise to 25k and swing traders can have a 1:4 R: R on their trades considering a stop loss under the recent low.
