BTC Weekly falling wedge
Falling wedge taking shape on the weekly timeframe. This pattern takes into account a possible dip below 10K. The target is the 0.618-0.786 Fibonacci levels, if anchored from the previous highs to a speculative ~$10,000 support zone. If a capitulation event were to take place a wick even lower than what is charted is possible. The previous cycles Fibonacci levels are also charted, anchored at the ~$20,000 high and ~$3,000 low to add further context to the current cycle.
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