Near Term Bitcoin Push to $70k Resistance, Then $50k Cycle LowBitcoin / US DollarCOINBASE:BTCUSDBrettFogleIn this simple chart of Bitcoin, we can see it's riding the rising wedge pattern and is also coming out of a daily cycle low (for cycle traders)... So likely we'll see some push higher here and potentially break out above the resistance at $66k. If Bitcoin can close above $66k, then the push higher to $70k is likely but will likely fail as this is where a large 'Sell Block' of orders sits on the Weekly chart, as well as the 50 Week EMA. Since August and September are generally RED (Bearish), I think bitcoin rejects and falls down to the $50k range where we can see the concentration of Buyers (Buy Limit Orders in Green). These have proven to be very helpful in our trading this cycle and are part of our custom tools. There is a lot of confluence here at the $50k range ($49k to $54k to be exact) which you can see from my other studies here on TV. I've been forecasting this $50k range since the beginning of the year and have posted multiple videos on YouTube about this. Let me know your thoughts here... If you think we've already found the bottom, will hold at $50k or even go lower this cycle. Trade Smart, Not Often Brett