I stated in my previous analyses that BTC would drop to 7.5k after the latest run up to 10k. This is still an option. It would be a healthy correction and not the end of crypto in my opinion :)
There is a more bearish scenario and this scenario would lead us to 6.8k - 7k area. After that i i'm pretty sure we will rebound and break the wedge as shown in the graph above.
This is what I think is going to happen. Due to the positive sentiment in the crypto market I believe the bearmarket is almost done.
1. We will test the downward trendline at about 7500 USD because of the forming H&S shoulder pattern on the 4h chart.
2. We will form a cup and handle. The handle at the stong resistance at 11700 dollar. (good idea to take some...
