Bitcoin falling wedge with support in the $5k area
This falling wedge should solve itself in the next 20-60 days. Very possible move to the upside, sell volume has been slowing down.
Likely scenario: Breaking out of the wedge with little volume and sideways movement between $10-8k until the market cools down.
Unlikely scenario: Hitting 5k, strong buy signal and will likely result in a bounce.
Likely scenario: Breaking out of the wedge with little volume and sideways movement between $10-8k until the market cools down.
Unlikely scenario: Hitting 5k, strong buy signal and will likely result in a bounce.
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