The breakout from the Wedge has completed and the recent move has been exhausted.
Bitcoin now needs to hold this region.
Possible scenario here is a back and forth consolidation that forms as a bull flag, which would then by early next week set the scene for a FINAL wave higher towards the $8,000 mark.
I suspect that would mark the 2017 top.
Bitcoin now needs to hold this region.
Possible scenario here is a back and forth consolidation that forms as a bull flag, which would then by early next week set the scene for a FINAL wave higher towards the $8,000 mark.
I suspect that would mark the 2017 top.
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Disclaimer
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.