BTC Breaks Resistance but will there be follow through ?

BTC Broke out of resistance, Invalidating the Rising Wedge formation however the H&S pattern could still be in play but the right shoulder doesn't look to pretty anymore.

Points to consider:
- We still have a clear bearish divergence on the daily time frame with volume tapering off
- Hitting resistance at $8700, Resistance turned support will be confirmed if price retests and holds $8200
- 4hr EMA 8, Bullish as holding price at current given time

We could be forming an daily equilibrium pattern where Bitcoin will eventually choose a path..

What are your thoughts on the current price action?


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