Btc seems to be making a huge falling wedge that has inside 2 more falling wedges, and it will possible form a 3rd one.
We are currently at 2nd falling wedge with target of $7090 and very likely $7700/$7800 then down again to go to$4900/$5200 bottom of the Huge falling wedge formed since January
There is also a consistence of dates and the amount of time for uptrend about 27 days
Regarding current situation we can expect 2 scenarios
1) pum $ 6440 lvl (downtrend resistance of current small falling wedge) back down to about 5950 then up to target 7090 and 7700/7800
2) Or direct breakout of the structure to $ 6.800
looking at indicators i believe scenario one more likely, also most of the falling wedges breakout after a double bottom and we have only made one at $5800
I marked the number of touches of the price hitting the downtrend line of the wedge and they usually fail to breakout 3 times and this pump to 6400 should be the 3rd try.
also notice there was a daily bullish divergence at first wedge just like the one we have now
If this idea gets invalidated i will update.