Price is trapped in a wedge formation, while having already broken out of a trendline that's been acting as resistance. I think we may come down to 7K to hit the last swing in the wedge, and then head for a breakout.
Comment:
the closing of this 4hr candle will confirm whether we're going down or up from here. i think we're going down to 6.7K.
Comment:
bitcoin broke 8k after breaking back below previous posts trendline. still has a long way to go in a short amount of time. keeping the 6.7K idea until the 26th. if it doesn't get there by then, we might see an early move up.