Bitcoin has formed a PG on the hourly chart and has broken out.

The range is coming to a head again in Bitcoin. The big sell-off at the weekend failed to materialise and now a new week is starting that could have a lot to offer. The inauguration of both is coming up in the US and maybe it will bring the most popular cryptocurrency to new heights.

Let's wait and see whether the Asians use the PG to break out of the wedge. The breakout from the PG has at least already been confirmed.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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