This falling wedge should solve itself in the next 20-60 days. Very possible move to the upside, sell volume has been slowing down.
Likely scenario: Breaking out of the wedge with little volume and sideways movement between $10-8k until the market cools down.
Unlikely scenario: Hitting $5k, strong buy signal and will likely result in a bounce.
Likely scenario: Breaking out of the wedge with little volume and sideways movement between $10-8k until the market cools down.
Unlikely scenario: Hitting $5k, strong buy signal and will likely result in a bounce.