Technical analysis by DutchCryptoDad about Symbol BTC on 5/12/2022

The falling price of Bitcoin is very scary, I know. But taking a look at the charts and zooming out, there could be some hope though. A falling wedge might be on the horizon and an oversold RSI might indicate that a rebounce can occur. Take note that this wick down also bounced of a CME gap that was there for months. Now there is a CME gap above us. Now I am quitting with the hopium...