Bitcoin Price Technical Analysis for 12/05/2017 – Wait for a Breakout

Bitcoin Price Key Highlights
Bitcoin price is in consolidation mode, trading inside a rising wedge pattern on its 1-hour time frame.
The wedge spans $9000 to $11750, which means that the resulting breakout could be of the same size.
Technical indicators are giving mixed signals at the moment so the breakout could go in either direction.
Bitcoin price has formed higher lows and higher highs in a rising wedge pattern, still deciding which way to break out.
Technical Indicators Signals
The 100 SMA