Bitcoin is getting ready to break the wedge pattern

Drawing a descending wedge pattern due to the pessimistic movements, Bitcoin is now located above the short-term 200-period weighted average. Getting ready to break the wedge in this area, BTCUSD may reach $ 10 000, if it exceeds $ 9 500, which will be on our radar as an intermediate resistance level. As a result, it will possibly complete the pattern. As long as Bitcoin stays above $ 8 900, which is the 200-period weighted average, we do not expect any downward movements.