Retest of inverted cup and handle (prediction, possible path)
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
As you can see on the chart Bitcoin has bounced again from the temporary support line and is about to retest the Cup and Handle formation resistance line.
In my opinion, a rising wedge is just forming and will touch this line. The price movement should also form a bearish Head and Shoulders formation on the chart.
Also, the target of the upward wedge is below the red line, so bitcoin will take a sharp dive downward.
This is not financial advice.
