BTC Daily chart
After a second rejection from the red horizontal channel of resistance, the BTC price fell close to the bottom of the rising wedge.
Losing that as support and falling under the 24900 level, we might have a confirmation for the falling wedge and in this way, we can expect much lower targets in the next days or weeks.
If this big rising wedge will fully play out, we might see the 20k range tested again.
In order for BTC price to flip bullish, bulls must reclaim the 27700 level and close above. Even so, BTC might for just another smaller rising wedge.
Possible trade: swing short if the rising wedge is confirmed.
