BTC just broke some key resistance (at red and yellow dotted lines) and is now heading to the top of an ascending wedge (around 60.5K at the dashed blue line). If indeed it is able to break this resistance, it looks like it could be headed to surpass the ATH in the blue channel upward.
There is still some resistance at 60K and still a possibility that a pushback at 60.5K could cause a reversal, particularly since the daily chart ended with a double doji which could easily indicate a reversal. However, if 60.5K were to break, it looks like this could be the beginning of a continuation of the trend upward to a new ATH.
Either way, it should be interesting to see what happens over the next day if indeed 60K and subsequently 60.5K will break or not.
There is still some resistance at 60K and still a possibility that a pushback at 60.5K could cause a reversal, particularly since the daily chart ended with a double doji which could easily indicate a reversal. However, if 60.5K were to break, it looks like this could be the beginning of a continuation of the trend upward to a new ATH.
Either way, it should be interesting to see what happens over the next day if indeed 60K and subsequently 60.5K will break or not.