Bitcoin is facing some tough resistance at the 60k USD price. I think it will possibly touch 55k soon if the resistance isn't broken soon. Once it gets to 55k, it's possible that the price will fall through the wedge and reverse the bullish trend. However, if the price finds support at 55k, then BTC will likely retest 60k and most likely break it, in which case 70K is likely the next target for the bulls. I think a 70k price would cause the 111D MA to cross above the 350Dx2 MA (Pi Cycle Top), causing the price to fall below the wedge and reversing the trend.
