Bitcoin outlook

The year long triangle is finally reaching its apex, will this sideways action end? Squeeze higher through the upper triangle & 100DMA @$6700 will be first signal of bullish momentum. The cluster of resistance betwenn $7400-$8500 has been capping gains since July, so any break through there would be significant and would likely see a further push to $12000.

A break below the triangle bottom @$5800 and the first support would come in at ~$5000 which is the september 2017 high. Below there is the 50% fib line in the pitchfork formation