Something interesting...
If you check the log BTCUSD chart, you can see how the old 20K trend line and the lower trend line on the wedge meet a little too perfect at almost 7K.
This is, in my opinion, the point with more probability to observe a bounce, as we have two strong support concentrated in one point.
Keeping in mind that in the end the market will decide where it wants to go, I will be keeping an eye at this convergence point.
If you check the log BTCUSD chart, you can see how the old 20K trend line and the lower trend line on the wedge meet a little too perfect at almost 7K.
This is, in my opinion, the point with more probability to observe a bounce, as we have two strong support concentrated in one point.
Keeping in mind that in the end the market will decide where it wants to go, I will be keeping an eye at this convergence point.
