Fitting in with previous prediction. A potential rising wedge pattern that should begin moving to the down side anytime soon. In my eyes, a retest of the $20,000 is inevitable as we haven't seen this region since we last broke through mid bull run - and if that is the case, the downside momentum and overall realisation that the bull run is over for this cycle should inevitably bring TP1 of the wedge at $10,000. Coincidentally, market top to market bottom in this case would complete at around an 84% pullback - which is similar to many other big BTC pull backs. TP2 at around $4,000 I deem an unlikely event but have marked out none the less as a possibility just based on the wedge pattern.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.