This trade setup on BTCUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 59206.9300.
BTCUSD has broken through resistance of a Falling Wedge. It has touched this line at least twice in the last 5 days.
