BTC Bearish Rising Wedge

Bitcoin has fallen out of the rising wedge. Even though it looks like the price is pushing higher, i do not believe it will be able to break and close above $10,100 in near future. I think it is more probable that we will eventually retrace to low $7,000 before breaking and closing above $10,100. IF, bulls somehow push the price above $10,100, i think we will enter a major bull cycle.
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