Target: Bounce from pink line (A bit or a lot from the long term line) Reason: A falling wedge has been formed. Clearly, sellers are putting pressure on top of the chart. Let's see what will happen at this point. I suspect that it won't be going too far up. The price will probably meet the long term 200 EMA. A bounce to the black upper line will probably happen before that. Time: 2 days? Maybe.
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Correction bounce near upper black line *
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BTC will probably crash tomorrow, it shows sign of bearish market. On the other hand, a little bit bump upwards in price will happen before that. Keep in mind 11.59 AM to 4 PM GMT! Criterias will probably not be completed!
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Obs, the wedge actually looks like a rising wedge instead of a falling wedge.