Yellow trend lines being our bearish wedge Blue trend lines being our bullish exit wedge
Bitcoin managed to make itself a bullish wedge/channel to exit the bear trend. As of right now we're still correcting within the bullish wedge. I fear if we break downwards through the blue support we'll be re-entering bearish territory for a significant amount of time and re-testing the 6k lows.
That being said, I expect to see a significant bullish pivot point (likely a good buy area) at the support line of that blue bullish wedge.