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BTCUSD; update next moves ahead.

Either direction could play out pretty nicely. Observing what appears to be a falling wedge: The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.

The trend still appears to be up as we haven't taken a downward move towards 40000 and below.

Bulls are the ones to watch next.

BearWitness.