Bitcoin has just broken out of the falling wedge pattern, best visible on the 1H timeframe. This has happened after a consolidation range within a symmetrical triangle, favouring momentum to the bulls. In my view, there are lots of signals pointing towards higher price targets (marked on the chart) that could lead to massive fear of missing out. The 63000-63400 range has been resistance before, but has just been backtested as support. I also opened a 15x long position at 63580, aiming for 72300. Additional price targets are marked on the chart. (CH: cup and handle pattern target, IHS: inverse head and shoulders target)
NFA.
NFA.
Trade closed manually