Potential Breakout Path
Updated
RSI and price both in potential rising wedge. With a retest of the breakout zone, we could be looking at a short term drop. If that support holds, we could be looking at a continuation to the upside. The bold white arrows are only a representation of what a breakout would look like if it were similar to the breakdown from the rising wedge that peaked at 64k.
Note
Another supporting factor is the funding rate. It's not leaning very short right now, meaning we have room to fall if it holds current levels
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