BTC UPDATE: NO CHANGE STILL BEARISH TO 14k

Dec 24, 2022

BTC has been mirroring the stock market recently. It was drawing a rising wedge(yellow) on declining volume. As the SPY broke down on a spike in sell volume, so did BTC. Since then, we have been drawing a minor consolidation on declining volume. Another rising wedge(Red pattern). I am anticipating this break down to at least 16k. But it will most likely over shoot that as we head to the 14k level from the bigger picture.