BTC/USD decisive moment

We should also take a closer look at the rising wedge on a 4-hourly chart. BTC tested the resistance line 3 times and if it finally breaks above it, then it can be a very bullish signal and cross the 200 daily. However, at the moment of writing BTC is re-testing the support level that could it play out in either a bounce back to the upside or breaking out of the ascending channel to the downside in the near future.