Breach of resistance line imminent by BTCUSD

BTCUSD is moving towards the resistance line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If BTCUSD continues in its current trajectory, we can expect it to reach 6435.4100 within the next 8 hours.

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