BTC has been looking bullish the past couple of days riding on some good news finally in the wake of the SEC/CFTC hearings in the US Senate. And the volume has finally spiked. This could signal the bottom of the BTC retracement. But there is much resistance for BTC to break through to the upside. It needs to breach the downtrend line of the descending wedge again, sustain the breach and break through downtrend lines above it from the fib pitchfork. If not expect continued price action to the downside within the wedge with key previous horizontal support/resistance levels noted in wide dashed orange lines.