Price is in a bearish wedge pattern currently, price will break down and retrace to 7-9k. Inside the bearish wedge we had an attempt to develop a double top but the 2nd too looks to be developing either a bearish false break out or a head and shoulders to start the drop. Once wedge is broke price retraces to last prior consolidation which is between 7-9k and after it hits this we will be in a bullish broadening triangle with expanding highs. This pattern causes price to bounce up and down till a break out occurs on the top side which could send btc to the 500-2.5 million mark but this outlook is in years like between 2025-2031 like it was originally anticipated. So I’d say right now economically we are in the shitter, once it drops hopefully it holds that depends on the stock market. If it holds expect to full bullish but don’t expect it not to retrace back down to lows it has to bounce around high and low till it breaks out to ridiculous new highs. If it does break out down low then btc retraced back to insane low levels. So my call on btc is not bearish or bullish, this is consolidation and it’s sideways so I’m neutral.
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