We have had a few more days now to gather our thoughts and see which levels BTC
is honouring at the moment. We can see an ascending wedge
pattern that we have stayed within the confines of. Within this wedge
however we have a support line at $35k that it is honouring - if we a breach of this support then our next level is at $30k. The bullish
argument here is that we are seeing a lot of resistance at the support level
and expect to see further consolidation within the wedge
, leading to a break-out.