Bitcoin sold off sharply yesterday but is now finding support at the bottom of its falling wedge formation. A bounce could take it up for a pullback to the nearby resistance area, which lines up with the top of the wedge. Applying the Fib retracement tool on the latest swing high and low shows that the 61.8% level lines up with this area of interest. This also coincides with a former support area around the $6,000 mark where short-term buyers might be looking to book profits off a quick bounce. RSI has reached the oversold region to signal that sellers are feeling exhausted and could use a break. However, the ... (full story)