Crypto Technicals: Bitcoin bulls in-charge, breaks above $6000 mark, next bull target 6500?

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 5828 (5-DMA); Resistance: 6500 (trendline)

Technical Analysis: Bias Bullish

- BTC/USD has spiked past the 6000 mark on Coinbase, bias bullish

- The pair has hit new 6-month highs at 6098 and is on verge of a breakout of Rising Wedge pattern

- Technical indicators support further gains, scope for test of 6500 on continued upside momentum

- 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) and expanding volatility support gains

- That said, oscillators are at overbought levels and could see some pullback, so caution advised

- Break below 5-DMA (5826) could see dip till 21-EMA at 5491. Bullish invalidation only below 200-DMA

[Correction: Oscillators are at "overbought" levels, not "oversold" as mentioned previously]

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