Bitcoin is preparing for a breakout! For a few weeks, the cryptocurrency market took a hit and has been forming lower highs and lower lows. Now, Bitcoin seems to show signs of a reversal with a falling wedge pattern. In addition, we're retesting the resistance in the RSI. A break to the upside of the 49k level will lead to a Bitcoin in the 60k level.
Overall, Bitcoin is bullish and I expect it to perform amazingly in the upcoming weeks.