Bitcoin (BTC) has been trading in a series of rising wedges as can be seen on the monthly chart for BTC/USD above. The price reached a target of $ 1,000 in late 2013 and then began to fall. During that fall, the price broke out of the falling wedge to consolidate before continuing upwards to prepare to enter another falling wedge. From late 2015 to until now, the price has been preparing to enter another falling wedge.
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