Bitcoin has gave us some more data over the past few days and it's looking very bullish. You can see a inverted head and shoulder pattern that has broken out with a measured move that will break above the diagonal trend line from the last correction if it fully plays out. The current candle has a good amount of volume to add more confirmation to the breakout. In simple terms this move could bring us above $25,000 pretty swiftly.
Comment:
This could also be a rising wedge here which could result in bearish selling pressure pushing us back-down from the diagonal resistance. We want to see a break above the diagonal resistance and close above.