BTC - Rising Wedge Retest #2

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BTC - Rising Wedge Retest #2Bitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTThis is an update to my last post: BTC has now seen another successful bearish retest of old support flipped into new resistance. Bears remain firmly in control of the current trend. Adding to this, in approximately 45 minutes BTC is likely to close either a gravestone doji or a wick-off-top candle. Both of these potential formations would be further confirmation that sellers are defending this level. $65k remains the critical level to watch. A break below that level would accelerate selling pressure and drive price toward the lower targets outlined in my previous posts. If anything significant changes based on Trump's Iran deadline tomorrow I will make a follow up post, but for now make a mental note of this development.