The descent was rough and made up of several knife attacks but we can see a rough falling wedge, actually two nested wedges, in BTC’s fall from glory. And now that it’s resumed normal oscillation between the wedge, I want to think it’ll break upward as 88% of most falling wedges tend to do. There obviously could be another attack by market manipulators that takes up down to 35k, seeing as we have some key futures expiration dates ahead of us AND a month that is historically bearish.
But this development makes me optimistic for BTC’s future.
But this development makes me optimistic for BTC’s future.