A rising wedge, which is oftentimes coupled with bearish divergence is occurring on the weekly Bitcoin chart. Typically after the breakdown of the wedge, there will be a lower high while also falling below key moving averages, which has appeared most recently. It is very well possible for this lower high to move a bit higher to 29K-30k or even form a double top....
The ETH/BTC chart is showing a falling wedge into a support level wrapped inside an inverted head and shoulders pattern. Additionally, from a seasonality perspective, the ETH/BTC bottom was in October and September the past two cycles. Furthermore, the Proto-Danksharding upgrade is expected to arrive later this year which is likely to give the price a boost...
