Bitcoin Is Retesting After The Breakout | If This Test Will Be Successful Then BTC Will Make A Bigger Move

By moon333 | moon333 | 2 Jun 2022

Hi dear friends, hope you are well, and welcome to the new update on Bitcoin.

The exception is still possible:

As history shows that whenever Bitcoin sets any low after hitting the bottom of the Bitcoin Low Growth Curves, it never thouches that low ever in history, and if this time BTC moves below than the previous month's low which is $25400 then it will be one of the biggest exception of the Bitcoin's history.

TradingView Chart

Significant supports:

Right now the significance of weekly falling wedge and the support of $28600 is very high. If these supports will be broken down then Bitcoin can set a low than $25400 (the low of May 2022).

A re-test:

On a 4hr time frame, after breaking out the triangle, now Bitcoin is re-testing the previous resistance of the triangle as a support. If this re-test will be successful then Bitcoin can breakout the next resistance of $33K and the resistance of the falling wedge pattern as well.