Bitcoin's Breakout from a Wedge Pattern: Heading Towards $66,000

20 thg 9

hello guys.

let's dive into btc analysis after the previous analysis:

Broken wedge pattern: The chart shows a clear breakout from a descending wedge, a bullish reversal signal, indicating a potential trend shift.

Upward channel: After the breakout, Bitcoin has been moving within an ascending channel, which provides a strong bullish structure for price movement.

Support and resistance levels: Immediate support can be found near $62,000, while the next target on the upside is projected around $66,000.

Potential pullback: A minor retracement within the channel might occur, but overall momentum remains bullish as long as Bitcoin stays within the channel.

Bullish momentum: With the strong volume and the breakout from the wedge, the next logical resistance area to test is around $66,000 or higher.

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21 thg 9

Ghi chú

it reacts to the top line of the channel very well, but it is a question if the price continues to downward movement or not!

27 thg 9

Đóng lệnh: đạt mục tiêu

the pointed area touched