Bitcoin continues to inch higher, however, now appears to be forming a rising wedge. Bitcoin continues to test the top of the channel. If BTC can push higher and out of the wedge, 12k and 14k are next targets.
If BTC cannot push higher, a retest of the bottom of the channel (9900-10000) is likely.
Take note of the bearish divergence on 4H RSI.
If BTC cannot push higher, a retest of the bottom of the channel (9900-10000) is likely.
Take note of the bearish divergence on 4H RSI.
