Bitcoin 10,000 rising wedge target achieved. What next?
The rising wedge structure that formed as price was approaching the inverted head and shoulders neckline (dotted orange line) has achieved the 10,000 projected target (dotted yellow arrow). I stated in previous breakdown that further bearish pressure would be accumulated on the way down with a double top formation rejecting the inverted head and shoulders neckline that could send price back below 10,000 and within the parallel down channel . This is exactly how bitcoin is playing out with 8,000 being the next significant support level.
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