Since first identifying this Cypher on the weekly timeframe I have noticed that BTC seems to be trading within this huge Falling Wedge pattern and now this week after bouncing up from a much Smaller Bullish Shark visible on the Daily Timeframe for the second time as seen here:
It is attempting a weekly Breakout of the Falling Wedge
The Measured Move for this wedge breakout would be around a $29,580 upside move to which would take us very close to the 61.8% Retrace from high to low at $49.6k.
We currently have Multiple Harmonic Supports between $18.5k and $17.5k along with an Equally as strong Price Action Support Floor at around $18.5k based off of some weekly candle closes we got in 2017 and in 2020.