w2314

Bullish Wedge is forming

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
A bullish wedge is forming on the daily chart . Seems like Bitcoin does need this consolidation patterns after the breakout of the bearish trend channel. If this wedge does break to the upside a move to 9000 $ is likely. At least to the 200 SMA . If we are able to break the 200 SMA then I would expect a more neutral to bullish market phase at least until the halving in May.

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