Bitcoin XBTUSD short term

29 May 2020

Looks like the wedge is holding for now with another move up testing the resistance above 9600. Potential for a number of trades within the range, likely immediate dump to the support area from here unless if we still test 9600-9800 or so. The three lower highs are reminiscent of the last time we were at 10ks in February before a major crash. May still stay within the wedge before a real decision point. Watch 8800 and below for a potential breakdown, and above 9750 for a breakout above.