Bitcoin VS USD - Falling Wedge Reversal Update
As per my last analysis the falling wedge pattern is so far holding up. We currently find ourselves within a small channel within the wedge, that is likely to send us down very soon (though only as far as the wedges bottom support around 5700ish). We will then expect a bounce up and out of the small channel which will take us to a test of the top resistance line at around 6125 before we go down for one last time before our exit upwards.
It is worth noting that as per my long term analysis - I still predict we will be back down to these levels again around mid-September to the first week of October when we finally break out of the long term downtrend.
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