BTC - descending wedge, breakout soon
The chart speaks for itself. The largest BTC breakouts during the last and previous bull cycles have come from descending wedges. I don't think we will hit 14k, realistically. Too many people are expecting it. I imagine, 15k maximum and then a serious bull run upwards.
The other main reason is that the DXY looks like it may hit 114 but after that, there are pretty clear Bearish Divergences. Moreover, the DXY will re-test 100-103 soon enough. I wouldn't be surprised if the DXY started slumping here @ 110.
The other main reason is that the DXY looks like it may hit 114 but after that, there are pretty clear Bearish Divergences. Moreover, the DXY will re-test 100-103 soon enough. I wouldn't be surprised if the DXY started slumping here @ 110.
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