BTC has been broken out of its downtrend resistance as buyer pressure steps in at around $54k. However BTC is facing rejection from its previous ascending wedge support turns resistance at around $56k. If BTC manage to pass through $56k resistance, we will see BTC to test the ascending wedge resistance at $59k. If not, we are looking at a further pullback.
Trade closed: target reached:
BTC has broke through its downtrend support turns resistance as expected.