When looking to the downside, the inverted chart in my opinion can gives some clear insight of where btc will likely be going. What we have now is a breakout of an ascending wedge which probably still need to have some sort of retest, which will give further information on how low btc could potentially go. The target, $14000, could be too low ,because keep in mind that the 200 week ma or 300 week ma could serve as a perfect support.
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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.