BTC falling wedge? Cautiously bullish

BTC has been dropping like a rock for the past couple of days. Small areas of consolidation have resulted in a the formation of a falling wedge pattern. These patterns tend to break upwards and create trend reversals. If this falling wedge does fail, we are likely to visit the 53k mark due to macro-economic reasons, opex, overleveraged longs and other fud. Up to the 4H timeframes, the chart shows RSI and MACD divergences, indicating a bounce is imminent.
NFA.