BitcoinShort
Bitcoin Breakout Near??
Bitcoin is maintaining a very narrow range just under 30K. Volatility has consolidated considerably, with lows edging up from 
27K to 29K. We identified a bull wedge pattern with upper bound at 30K or so for the past few reports. This could suggest that Bitcoin is read for a breakout, but we have signficant resistance confirmed by multiple red triangles on the KRI at 30K and 31K. If we are able to breakout, 32.3K is our next target, then we are sure to have resistance in the 34K's. If we break down, then 27.9K is sure to provide support, but after that there is a vacuum zone down to 25K.
27K to 29K. We identified a bull wedge pattern with upper bound at 30K or so for the past few reports. This could suggest that Bitcoin is read for a breakout, but we have signficant resistance confirmed by multiple red triangles on the KRI at 30K and 31K. If we are able to breakout, 32.3K is our next target, then we are sure to have resistance in the 34K's. If we break down, then 27.9K is sure to provide support, but after that there is a vacuum zone down to 25K.
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