BTC has broken out from it's falling wedge that has been in place since Jan 18th.
You can see support has been found on the 4H 128MA.
Next target will be the 200DMA which will likely show strong resistance near the ~8929 level. A breakout above the 200DMA will be very bullish and a move for BTC towards chasing it's ATH.
A breakdown from the 200DMA will be VERY bearish and likely drive BTC back towards the 5k level.
Good luck!
You can see support has been found on the 4H 128MA.
Next target will be the 200DMA which will likely show strong resistance near the ~8929 level. A breakout above the 200DMA will be very bullish and a move for BTC towards chasing it's ATH.
A breakdown from the 200DMA will be VERY bearish and likely drive BTC back towards the 5k level.
Good luck!
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