We heard about 10,000$ - 13,000$ BTC few months ago and it might be happen anytime soon. BTC is making falling wedge pattern, One last drop before bull run? or it will continue to pump as the CPI report releases? weekly TF is a very strong TF, so Keep our portfolio safe and have a proper risk management.
We are now seeing a short time pump with BTC along with altcoins but if we're going to look at a higher time frame, we have strong confluences that the market will drop soon. My bullish price target is around 21500 before the next drop and it will be massive drop we are expecting. if the market break the 21500 price, maybe we will going to see a bullish rally up...
Based on Wyckoff Theory, we are currently at phase B. In this case we can expect a movement to the downside around 32000, to invalidate this Theory we need to break 52000 resistance.
it's respecting our golden zone in the previous price, we are expecting a good bounce again in to our golden zone and our bullish target is aroung 34$.
Bitcoin is creating higher highs and high lows, next possible higher lows can be around 40000, or it will drop around 38000 to mitigate some positions before the next move?
