BTC has broken out to the upside from that big falling wedge with one last troll fake-break above 10k and then promptly reversed and fell down even lower than last time, and in doing so at exactly the right time and price it created a resistance line that is exactly parallel to the support, making an beautifully perfect downtrend channel down to that big support level of what could potentially be one of the largest bull flags ever in bitcoin, at around 8,200$.
If this support is not broken this pattern might very well take us back up to break the 14k high and maybe then finally test the 20k all time high once more, after it breaks out in the coming weeks or months.
What do you think?
Will BTC fall right through all of these supports to 6k or 4k or 2k?
Will it continue to test the support of the flag down at 7.8k or 7.5 and then break out to to 20k?
Leave your thoughts in the comments below!
If this support is not broken this pattern might very well take us back up to break the 14k high and maybe then finally test the 20k all time high once more, after it breaks out in the coming weeks or months.
What do you think?
Will BTC fall right through all of these supports to 6k or 4k or 2k?
Will it continue to test the support of the flag down at 7.8k or 7.5 and then break out to to 20k?
Leave your thoughts in the comments below!