BTC Rising Wedge

22. März 2021

BTC is in a critical rising wedge right now.A breakout down would send it down to 52k, causing popular blockchain stocks like RIOT and MARA to retrace over 20% (RIOT could his $40). A break up would be market positive for the crypto market cap as a whole and would send Bitcoin, along with other altcoins flying. My end of month target for Bitcoin is 68k but this will only happen if we see a positive breakout from this wedge. Otherwise my targets would not change but my timeline would lengthen.