$BTC HTF - Rising Wedge Bearish Pattern But Doesn't Matter?

BTCUSD

Looking at BTC on the 1D time frame we can see we have a rising wedge approaching resistance at the $8000 level.

A few things to observe as we approach the $8000 level

• Round psychological level
  
• Has also been resistance and support in the past
  
• We can also see on VPVR $8K range has one of the highest nodes in the value area
  
• Plus we have the 100 & 200 day moving average converging to play as resistance
  

Chance of rejection from this level is more likely that not.