Bitcoin 10,000 rising wedge target achieved. What next?

8 Mar 2018

The rising wedge structure that formed as price was approaching the inverted head and shoulders neckline (dotted orange line) has achieved the 10,000 projected target (dotted yellow arrow). I stated in previous breakdown that further bearish pressure would be accumulated on the way down with a double top formation rejecting the inverted head and shoulders neckline that could send price back below 10,000 and within the parallel down channel . This is exactly how bitcoin is playing out with 8,000 being the next significant support level.