BTC has formed a rising wedge and broken the support of the wedge. Price also looks like forming a double top if it gets to the 31.5K area. Further, the current downtrend seems to be the fifth wave of the 3rd wave down which should take price to the 31.5K area to form the double top. At this price point anything can happen if we break the neck region of the double top. 5K? Your guess is as good as mine.

Disclaimer: This is not a financial advice, this is my way of sharing my trade idea with the trade community and any decision you make from this is entirely yours and has nothing to do with me.

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