Bitcoin's (Most Likely) Path - Targeting $38k first, then $75k?

BITBAY:BTCUSD is forming an expanding wedge pattern (typically bullish). I'm expecting Bitcoin to make a lower low first (~$38k), followed by an upward move towards the upper resistance line. I’m assuming Bitcoin will breakout from the upper resistance – whether or not that breakout move comes on the first attempt or second will remain to be seen, but I am still expecting a breakout to the upside. We can’t rule out a breakdown just yet, but the odds are favoring the up move. $70K will be our next target if that happens.

Everything shared here is my own opinion and no results are guaranteed. Good luck!

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Have we gotten a legitimate breakout? Or is this just a fake out / bull trap? Time will tell.

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Comment:

Was it a false breakout and bull trap after all?

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Another possible thesis: Extended the expanding wedge.