Bitcoin (BTU/USD) Daily Chart - Accumulation at Strong Support?

Bitcoin -0.89% is hovering between the $6500-$7000+ range, which shows that there is some price support there as value buyers come in.

If you are looking to trade a swing up or buy to hold for long-term investment, it is worth a look at these prices.

Do not buy aggressively until price has broken out of the wedge pattern, as technically price is still within a range.

If the wedge pattern fails and price breaks down (below the wedge ), then it will be a very bearish sign.