With BTC beginning to test the high price point of the current wedge we are coming to the end of the trend. Therefore, BTC will be making a decision which direction it will be breaking out by roughly October 16 (the day I will be doing a live trading demo at Digital Asset Strategies Summit). When miners stop being profitable (which is when BTC is below $6,000), it gives them great incentive to keep the price above the lower channel where we have been seeing the current support level (between $5,800-$6,200).
Additionally, we are consistently seeing higher lows providing confirmation of upward buying pressure leading to a likely potential breakout to the upside. Therefore, I believe we will see a move upward and BTC breaking the $7,000 range by the start of the conference.