Bitcoin’s recent breakout from the 13000 range has formed a wedge and we are approaching the end of that pattern. If we break down, look for bitcoin to go down to the 13500 level where it has support at previous resistance levels.

If we are able to break out of the top of the wedge we will see highs of around 17000 or more.

Wait for a break out from the wedge before making a buy or sell.