3 Guesses to the BTC price action over the coming months.
Purple - Leaning towards this one with a continuation now to 14k, double top, and then maybe dump back down to retest the breakout wedge. This depends a lot on the stock markets if they selloff in september/october or not. If they do then I think this scenario may make sense. Selloff along with the stock markets and then it decouples and BTC?crypto goes to ATH and beyond in the months after
Blue, similar to purple but without the violent selloff after hitting 14k, maybe a few weeks of ranging before heading to ath and beyond
Red, the more bearish scenario where it doesnt continue to 14k, and instead drops back down to retest first before eventually heading to 14k and then ATH +
Not financial advice
Purple - Leaning towards this one with a continuation now to 14k, double top, and then maybe dump back down to retest the breakout wedge. This depends a lot on the stock markets if they selloff in september/october or not. If they do then I think this scenario may make sense. Selloff along with the stock markets and then it decouples and BTC?crypto goes to ATH and beyond in the months after
Blue, similar to purple but without the violent selloff after hitting 14k, maybe a few weeks of ranging before heading to ath and beyond
Red, the more bearish scenario where it doesnt continue to 14k, and instead drops back down to retest first before eventually heading to 14k and then ATH +
Not financial advice