I predict BTCUSD to be 63,800 by Christmas. Based on the trend lines I have drawn which extend back to 2019.
I am also examined all the decending wedge formations combined with compression of price range I could find in bitcoin since inception, using Hieken Ashi candles and found that 85% of them culminated in a rising green candle. I have highlighted 3 of them in the drawing, you will see that they resolved with a trend reversal.
I am also examined all the decending wedge formations combined with compression of price range I could find in bitcoin since inception, using Hieken Ashi candles and found that 85% of them culminated in a rising green candle. I have highlighted 3 of them in the drawing, you will see that they resolved with a trend reversal.