Bitcoin Falling Wedge

Bitcoin forms a falling wedge and as bearish downtrend weakens. Not a clear divergence out of the overall trend yet but bullish signals show on the short term. Hopefully we can see a breakout tonight of the falling wedge or we will pull back down to $5800 for a bigger rally. 58xx shows a significant price point for support so if we do come back down, we can expect more bulls to enter at that point and come back for a stronger push out the downtrend. Highest target price point of break out hopefully is $7148 (.5 retracement)

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We have break out! Not in the clear yet but if we close on the daily above $6400 we have positive confirmation of bullish trend.