The falling wedge breakout was stopped by the grey-drawn triangle surrounding it. With this rejection the following is likely to happen:
BTC may come down a few hundred dollars to around 9150$ then catch support at the still reliable "Corona"-trendline.
This orange-drawn trendline is holding from march until today.
Additionally this price level aligns with the...
The frequently discussed cup and handle pattern is still possible. Here's why:
If the BTC will not break the weekly 20MA, there is a falling wedge pattern playing out, as seen in bold white on the attached chart.
A chance of this falling wedge bullish breakout is even higher because the 50% Fibonacci level seems to remark a bottom line here.
Additionally this...
