RISING WEDGEToday's push has turned our consolidation pattern into a very solid rising wedge/ rising flag. The probability that this will break out to the downside is higher than to the upside, but with enough bullish momo, this pattern can be invalidated and price could spill upward.
If we breakout to the downside odds are we will find support at the yellow TL, HVN, or D1 VPOC. If this is a 'starter wave', then it could do a full retrace back to 24,700.
If we spill up, I think a fib 1.5 - 2.0 target could be achievable.
I think the probability of a downward exit from the rising pattern is the more likely outcome from this region.
If 25k does not hold, below that there is a gap from 20-22k that BTC could look to fill. Below that is the 19-20k area that has historically seen strong volume where BTC could look for support.
Mind the levels, and keep it green!