Anything can look bullish if you look hard enough...

Bitcoin has broken out of a broadening wedge pattern.

Which usually is a bullish reversal sign.

Check it out:

(Source: https://twitter.com/BTCfuel/status/1496436764453527555/photo/1)

There is likely to be some throwback to that breakout line, but after that the odds move favors a surge higher.

There is also still a CME gap from last week up around $40k that is yet to fill.

I suspect that works like a magnet pulling prices towards it over the coming days.

$40k sounded crazy a few days ago, but I have been saying it's coming the whole time, and I suspect it hits this week, probably by tomorrow.