BTC in One SentenceBitcoin / U.S. dollarBITSTAMP:BTCUSDpakoumalThe recent downside momentum in BTC's weekly rising wedge implies a continuation much lower to $70k-$75k & possibly $45k-$55k A rising wedge on the weekly is inherently bearish There is a double-top inside the wedge Price has broken decisively below the wedge & is accelerating lower Rising wedges often resolve lower to the wedge's beginning; especially, on a weekly timeframe The lower target looks aggressive, but realistic since it mirrors a similar breakdown in 2021-2022 In addition, there is a lack of bullish divergence Historically, this suggests a multi-week continuation without a reversal Momentum shows no sign of any bottoming BTC is likely to continue lower to $70k-$75k over the next several weeks If BTC loses mid-$70k with momentum, then the lower support of $45k-$55k is possible Relief bounces are common before continuing lower $98k-$102k & $108k–$112k This move is the start of a larger correction cycle, not the end QQQ SPY