In today’s briefing:
- Bitcoin Bear Wedge Targets 15k and Will Lead Global Risk
Bitcoin Bear Wedge Targets 15k and Will Lead Global Risk
- Bitcoin displays a high conviction bear wedge that will break lower with momentum, and bleed into the global risk cycle given the recent tight correlation.
- Previous bear wedge breakdowns have been reliable and resulted in high momentum drops. Platform illiquidity/closures a system risk.
- MACD set for a bear turn from resistance that concurs with a decline toward the 15,600 target.
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