Crucial wedge on BTC/USDT
This wedge could prove instrumental to the mid-term future of Bitcoin.
A break upwards could result in a recovery of bitcoin, and potentially a market we haven't seen before, where bitcoin is close to it's ATH (within a factor of 2) without crashing, or surging. If the price breaks through the lower trendline, it could cause a continuation of the crash, resulting in a 1-2 year bear market similar to 2018-2019.
A break upwards could result in a recovery of bitcoin, and potentially a market we haven't seen before, where bitcoin is close to it's ATH (within a factor of 2) without crashing, or surging. If the price breaks through the lower trendline, it could cause a continuation of the crash, resulting in a 1-2 year bear market similar to 2018-2019.