There’s nothing to see on higher time frames, as Bitcoin is currently trading above key resistance at $69,000. Zooming in for fun, we can see the inverse head and shoulders and the fact that Bitcoin appears to be consolidating in a wedge for another move up. This is irrelevant unless we actually get a break out, but sideways and slowly dropping price action on diminishing volume after a move up is bullish consolidation.
scott.melker@texaswestcapital.com