BITCOIN Seeing Some Bull Pressure As Prices Stay In Consolidation Wedge

We've been consolidating on the daily in Bitcoin for a while. It's looking like we might be seeing some upward bull pressure now after some more periods of bear activity and takeover. Bitcoin has been the strongest crypto in this market space, and now has over 57% dominance.

The 4-hr chart has been getting hit hard. Now that we have support established at the consolidation trend line upward, we are likely to see bulls push prices back up and hopefully test an upward resistance at $6,800.

Current resistance now that we need to break through is at $6,363. As you can see on the daily chart at the top, there's a lot of resistance zones that we will have to break through. They fell easily on the way down, so the hope is that they aren't going to be relevant this time on the way up.

Increasing bull volume and bullish technical indicators are giving a bit of hint that we potentially can see some upward direction here before another fall and pullback test of supports.