Here is a raw prediction for the coming months
I expect us to go down going into September with a continuation of the last sell off.
- First target: 10,400 - 10,500 resistance trendline
I expect we will see a retest of the resistance trendline at the 10,400-10,500 range, which will probably break but immediately pull back the 23rd or 24th of august. A failed...
BTC is finishing a bat pattern as we speak on the 4 hour chart.
It's a shame there isn't any volume to support the reversal here.
The downtrend wedge could force a breakout though, I'm curious where we're going.
Possible reverse H&S forming since breaking the downward resistance trendline of the falling wedge this morning.
Small volume not able to break the 50MA for now, but price supported by the 38.2 fib level. Next target could be the 50 Fib at 3870 USD.
If BTC breaks the 50 fib, strong resistance at the 67.8 fib will probably push the price down towards the 3.700-3.680