Bitcoin Testing Higher Levels

Bitcoin found support at lower levels in the 30K handle and was swiftly bought back up to resistance at 37.7K, where we are currently hovering. It does look like we are in the process of forming a bull wedge or other consolidation pattern but we will continue to face resistance from 40K even if it does breakout. Broadly, Bitcoin is holding the range between 30K and 40K and will continue to do so until we see a significant bid. It appears larger players are holding out for lower prices.