Is Bitcoin ready for a move higher?
Bitcoin is testing the falling wedge resistance 49500. This is the crucial near-term resistance for an upside reversal and a test of 55000. A rejection here could leave Bitcoin in prolonged consolidation between 45000 and 49000. Although price action indicates an upside reversal formation, we need to see a confirmed break above the 45500 level.
Note: look for the short trade entries upon a confirmed break above 45500
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