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Bitcoin beginning to break upward
Bitcoin looks to be breaking to the upside of its wedge. It is still right at the cusp, but looks like the next day has a good chance to be above this trend just enough to remove some of the chances of heading fairly farther down.
There are still some opportunities for the price to go down back to 47K, but that is now looking to be good support more than it is the continuing as the common trend if we are able to close the day above 51K.
The current inverse head and shoulders pattern looks to be holding. This looks to be fairly reminiscent of 2017 before things got a little crazy, so I suppose time will tell what the next few months hold, but for now I am interested to see if the current price continues to hold.
There are still some opportunities for the price to go down back to 47K, but that is now looking to be good support more than it is the continuing as the common trend if we are able to close the day above 51K.
The current inverse head and shoulders pattern looks to be holding. This looks to be fairly reminiscent of 2017 before things got a little crazy, so I suppose time will tell what the next few months hold, but for now I am interested to see if the current price continues to hold.
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