Bitcoin (BTC) Finally Breaks Below Rising Wedge After Facing Strong Rejection At $9.2k

Bitcoin (BTC) Finally Breaks Rising Wedge After Facing A Strong Rejection At $9.2k

Bitcoin (BTC) has finally crashed below the rising wedge after facing strong rejection at the 200-day moving average. It has now declined down to the 61.8% fib retracement level seen on the 4H chart which also corresponds to the 50 EMA. The RSI has broken a key uptrend and the price now risks further decline.