#Bitcoin is observed to be moving horizontally between liquidation levels. The formation of a descending wedge continues in the recent candles.
In the case of a formation breakout, the decline may occur down to the liquidation level of 92.520.
At this level, there is a high probability of a sudden reaction in price. Upon breaking this region, we may see a spike down to the lower region of 90.546.
Due to this week being Christmas, we may not see very sudden market movements.
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#Bitcoin is observed to be moving horizontally between liquidation levels. The formation of a descending wedge continues in the recent candles.
In the case of a formation breakout, the decline may occur down to the liquidation level of 92.520.
At this level, there is a high probability of a sudden reaction in price. Upon breaking this region, we may see a spike down to the lower region of 90.546.
Due to this week being Christmas, we may not see very sudden market movements.