Bitcoin rising wedge possible breakdown
Bitcoin is currently still in a bearish rising wedge with a measure of confirmation in it's declining daily volume. Should the wedge break downward, as I expect, it could allow for the formation of a right shoulder of a bullish inverse head and shoulders pattern.
What would invalidate my concerns about the bearish wedge would be if bitcoin closes on a daily basis above 9400 and holds above that level.
What would invalidate my concerns about the bearish wedge would be if bitcoin closes on a daily basis above 9400 and holds above that level.
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