This is only a theory and not a financial advice. What if Bitcoin fails to break beyond $120k? What if the the BTC supply remains the same due to large number of sells than buys? The "rising wedge" shows a potential downturn in the near future to ~$80,000 range again. This is only a technical analysis based on historical data and can be changed depending on investors confidence. Diamond hands is all it needs to bring the Bitcoin price to the $200k level.
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