It looks like BTC has broken out of the descending wedge and is now in a new ascending wedge. I do think when we get the breakout from this formation it will determine bitcoins big macro move. If we get that breakout from the descending wedge it should take the price to about 70k. I would imagine then the resistance from the ascending wedge will be support and BTC can still push bullish. Watching price very closely, if support gives I think it will be a great shorting opportunity
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.