Descending Broadening Wedge BTC weeklyEveryone and their mother seems to think breakout is coming very soon to 100k and the moon. I think there is a strong case for a major dump to 40k or so and then we can soar up above this usually very bullish pattern. 42k is where this last pump began so a major pull back can signify a complete correction and fulfill the pattern's objective.
In order for this to happen we will see blood red the next couple months at least before we soar to new heights. Fundamentally it would make sense to see some disorientation and FUD in the market to shake people out who bought the top.
Looking forward to yr thoughts.