Either we'll have enough buy pressure to breakout of the downtrend/descending wedge, OR, we'll move down to $5,500 before rebounding to meet the trend line.
If we fail to break out of the trend at $6,400, which I don't believe we would fail, we'll fall out of the descending wedge to $4,800 and $3,000.
With lower volume comes more oblique angles in the reversals...
This is meant to be a very simplistic and rough view of how BTC will move for the rest of the year. Actual peaks and troughs are chosen from current and potential resistance/support areas. The timeframe of these movements is estimated--give or take several days--with an end year goal of $25,000. This is a conservative estimate. Bulls may come in sooner and...
