Look for the break, and trade accordingly. Lately I have noticed bitcoin has broken to the top of an ascending wedge , which is rare. But it seems that the market has been irrational lately so I am neutral at the moment.
Possible breakout and return to the demand zones depending on how this prints.
For someone trading the wedge pattern, this would be the price target as measured:
- Look for support at the $10046 area.. possibly we will see a run to the $8k-7k demand zone after rejection at the $12417 area