#bitcoin☀️ is currently at a critical juncture. The bulls need to break out of the wedge pattern on the first attempt. If they fail, we could see a retracement back to $58K.
The second chart, the CME Futures, clearly shows a gap between $60K and $58K. This gap is a key reason why the bulls must break out upwards on the first try.
Should the bulls fail initially, they may give up and allow the price to fall back to the $60K - $58K range. In that case, it would be wise to take profits immediately you see a failed breakout.
