BTC price has alternated between up and down perfectly after the sixth since January, when Futures started. The odds that is a natural formation are remote. You just don't see patterns that fit this perfectly in real markets. The recent drop isn't a surprise, as the price was going too fast to meet its goal for the next sixth on July 6. BTC price is going down the wedge perfectly all year and the price will have to breakout soon in the next few months. My prediction is a break upwards due to all the recent institutional interest- Coinbase, NYSE, Nasdaq, etc. It is doubtful those parties haven't done their homework about where the price is going to go long term.
www.wsj.com/articles...ion-probe-1528492835