Bitcoin ( Rising Wedge Pattern )
Now that bitcoin has fallen below $30k, this may be a hard reality to accept. but if bitcoin wants to hit $100k, BTC must have a strong push or footing below. I see there is a rising wedge patter pattern that occurs in bitcoin . A rising wedge pattern after an uptrend usually leads to reversal ( downtrend) while a rising wedge formed drig a dowtrend typically results i an continuation ( downtend ). as you can see, the price came from a downtrend before consolidating and sketching higher highs and even higher lows.
I expect bitcoin to have strong support in the $19k-$21k area. that means bitcoin has experienced nearly -80%-70% since falling from ATH. Exactly the same as bitcoin’s fall in 2018.
if I suggest, for now, don’t ALL this is your money to buy bitcoin or crypto, do a gradual accumulation. If bitcoin breaks the MA200 ($20k-$24k), Bitcoin has the potential to fall to $10k.
We recommend investing in BTCDOWN or Accumulating on the spot.
Thankyou.

