Bitcoin has formed an inverse head and shoulders pattern and has broken through the neckline with a big green candle. It's hit a strong resistance level but after a short pullback, if price breaks above resistance (around $58,400) then I see btc easily reaching a new ath; target at $63,000 but beyond that is highly possible.
There's a strong channel on the daily chart that has withheld multiple tests. I don't see the price breaking the support until we get one more run. Once the descending wedge is broken through, it's only up from there.
