Volatility metrics suggest $BTC is on the precipice of a 20-30% move which should complete within about 25 days.
Currently, $BTC is forming a rising wedge. Price was rejected from the top side of the wedge yesterday, then found support.
If $BTC breaks out from this wedge, then I am looking for a move to around $29K-$30K (approximately 20-30% move) over the next 25 days or so.
If price breaks down, then I suspect we'll see a move down to $15,000 with continuation down to $13,750 likely.
Please leave a like and a comment. Do you think we're headed up or down? I'd love to see another leg down to high teens, low 20's or even lower!
This is not finical advice. This is for educational purposes only.
Currently, $BTC is forming a rising wedge. Price was rejected from the top side of the wedge yesterday, then found support.
If $BTC breaks out from this wedge, then I am looking for a move to around $29K-$30K (approximately 20-30% move) over the next 25 days or so.
If price breaks down, then I suspect we'll see a move down to $15,000 with continuation down to $13,750 likely.
Please leave a like and a comment. Do you think we're headed up or down? I'd love to see another leg down to high teens, low 20's or even lower!
This is not finical advice. This is for educational purposes only.