As I expected, BTC failed to build on the success of breaking the wedge on July 7th. The price has returned to the wedge and is now preparing to test for a breakout its lower limit - $19,500.
1. If the price breaks through it right away, BTC will fall rapidly lower, according to the scenario I spoke about earlier.
2. If it bounces up from this edge, the game will continue within the wedge. This means that the fall of BTC will be delayed for some time.
#BTC #bearish_pennant
