Last couple days, has given us a wedge formation, which tells me that BTC is going to make a move in the next 24 - 72hrs, as it nears completion (Due to it being a weekend, 72hrs...) but I do think, sooner rather than later.
This "wedge" is neither bullish nor is it bearish, so I can only go on the overall trend currently, which is inherently bullish.
The 25d MA, is above the baseline, with the 7d MA also above the baseline, the candles are above the baseline still.
The fact that the bears have not taken control, after 3 days of close back and forth, shows there has been fierce competition on both sides, but the bulls are still rallying, and aren't yet ready to lay down.
I'm expecting us to see $70 - $80k before a real consolidation at this point, even though it is long overdue, with a retrace back to around $44,200 if we hit $75 - $80k
This "wedge" is neither bullish nor is it bearish, so I can only go on the overall trend currently, which is inherently bullish.
The 25d MA, is above the baseline, with the 7d MA also above the baseline, the candles are above the baseline still.
The fact that the bears have not taken control, after 3 days of close back and forth, shows there has been fierce competition on both sides, but the bulls are still rallying, and aren't yet ready to lay down.
I'm expecting us to see $70 - $80k before a real consolidation at this point, even though it is long overdue, with a retrace back to around $44,200 if we hit $75 - $80k