THIRD UPDATE TO, "Some pullback on BTC in the coming week(s). Then all systems go!" POST
BTC did drop below the bottom line of our ascending wedge ...and then it recovered ...and then it dropped ...and then it recovered.
Currently, BTC is balancing precariously on this very important line of demarcation. Should it stay within the ascending wedge, we should see another run to 10k+ before dropping again. Should we stay below, I think we'll see BTC drop to around the 50dma (7.5k-8k level) before heading quickly back up to lead the crypto bull market once again.
Also, take note of what looks to be a bearish Head-and-Shoulders pattern on the RSI. Could be significant if it plays out.
ORIGINAL POST: Some pullback on BTC in the coming week(s). Then all systems go!
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