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Bitcoin VS USD - Falling Wedge Reversal Update

As per my last analysis the falling wedge pattern is so far holding up. We currently find ourselves within a small channel within the wedge, that is likely to send us down very soon (though only as far as the wedges bottom support around 5700ish). We will then expect a bounce up and out of the small channel which will take us to a test of the top resistance line at around 6125 before we go down for one last time before our exit upwards.

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It is worth noting that as per my long term analysis - I still predict we will be back down to these levels again around mid-September to the first week of October when we finally break out of the long term downtrend.

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