BITCOIN

🚨Bitcoin continues to hover around the resistance of its rising wedge formation and might be due for an upside break. After all, the 100 SMA is starting to cross above the longer-term 200 SMA to signal that the path of least resistance is to the upside.

In other words, resistance is more likely to break than to hold. In that case, bitcoin could be in for a steeper climb, possibly the same height as the rising wedge pattern. This spans $6,000 to around $7,400 so the resulting rally could be at least $1,400 in size.