Based on a log channel I show much more of in the related post below, BTC Logarithmic Pitchfork Channels ( Bullish )
, and assuming Bitcoin
needs a lot more time to consolidate, I could see us dropping down to channel 3, and possibly even a brief panic sell dip into 4. There are many ways we may get down there, as illustrated but the mess of arrows, but I think the trendlines
of the pitchfork
along with the wedge's top and bottom will serve
as lines of resistance and support and we make our way down.
Personally, I'm bullish
, but you can read much more about this "bearish" outlook in my main post,The "Bearish" Case For Bitcoin