Bitcoin: sideways moving according to the rules
As we noted on the 19th of August, the price was to paint something around the lower border of a strong broadening wedge. So it did now. Another light weakness was finalized right after the price bounce from 47100 as expected. Obviously a wide road towards the formation upper border is in front of us as the incentive is bullish with quite an upside potential. 54K is the next target on the market’s agenda with no need of any other break-out, as we can judge from a 4-hour timeframe. Alternatively, time might show some sell triggers to us lower than 46400.