So if we don’t pump at the end of the day, the stage would be set for going further down the bullish but declining wedge… that is, if we’re lucky enough that I’m correct, the wedge is there and 25-24K holds the drop at least to a while or some degree. This would mean there’s, at least, some cost averaging from buying whales that might turn things in U next month; otherwise, a quick and straight drop to 20K would be a more bearish case in my opinion. Yisa and Wilson would likely be correct instead of me.
Correlations: The stock market will influence Bitcoin very little if it goes up, but it can hurt it if it goes down. Bulls, especially margin traders, should be watching the Dow or the S&P in the coming week.
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