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Bitcoin - Short Term Wedge

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BITMEX:XBTUSD.P   Bitcoin
We are nearing the end of a small wedge spanning over the past few days. There has been a major crash under support, followed by an incredible recovery and attempted breakout above resistance. Right now Bitcoin is moving upwards in the wedge, with an increasing RSI and bollinger bands are getting tight and oscillators flipping positive. Right now this is looking like Bitcoin (futures) could attempt to break out above $3,570 over the next 1-2 days. If it breaks up and holds, we could see some nice movement into the $3,600-3,800 range. Otherwise, be cautious if we break down out of this wedge as it could result in Bitcoin free falling a bit.

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