BTC/USD - Wedging before breakout!

BTC has formed an interesting wedge that reminds me of... ETH before breaking out towards $1,800.

We are in the final stages of this wedge which I expect to break up above $50k resistance. The chance for us to break lower is small and even if we do we have good support at $45k and $40k.

Why am I bullish:

1. We are still in this wedge + support held today so that is good.
2. Daily indicators are still bullish, we lost some momentum, but a breakout here will bring us back in action.
3. On 4h MACD wanted to cross on the positive side today, and bias is bullish.

The more we test $50k the higher the chase it will break. First try failed and we rarely managed to pass a major resistance at first test, look at $20k. It took us 5 attempts to crack $20k.

We will have another attempt and if that fails we will get a small correction, but I don't see us fall under $45k. If we move beyond $50k then we may get a lot of money into BTC again and alts may suffer a bit because of that, to be seen.

Related to alts, I am also doing a VTC giveaway with 100 VTC for grabs which just passed $1, check it out here:

reddit.com/r/vertcoin/comments/ljq62z/win_100_vtc_giveaway_by_ycc_oh_yeah_baby/

My VTC idea is linked below if interested.

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