BTC breaks above falling wedge, now faces 233 daily EMA
After breaking above the 20 EMA on the daily chart, BTC saw a rally to the upper end of a falling wedge pattern dating back to June of 2019. It's now broken out, but is facing resistance at the 233 daily EMA around $8100. The same resistance point can be found on the weekly 20 EMA. A daily close above this (around $8200) could be a very good sign of near term upward momentum as the last time it closed above the 20 and 233 daily EMAs, it surged ~14%. Only this time, we will have confirmed a break out of the wedge as well.
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