Bitcoin is trading above $7,400 as of now which is confidence inspiring and definitely a good sign. Its formed higher highs and higher lows and the price action seems to be on the point of a reversal. Currently, Bitcoin is trading in a rising wedge on 1hr and descending wedge on the 4hr yet with very low volume. RSI is at overbought levels on the 1hr chart.
expecting big things on the 5th/6th June
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not broken down yet, lets see what happens at the trend lines
staying in the upper gann fan area too, so hard to judge, like a knife edge
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RSI showing the price will come down again to test lows
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broke out of the triangle formation, which is a good sign
wanna see a push towards 7k for bulls to be back in control....
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