#BTC: Upward Trend Emerging? Breakout from Falling Wedge Pattern

4 мая 2024 г.

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Great recovery so far! After a quick dip to $56k, Bitcoin has shown some resilience.

As you can see on the chart, the price surged above the crucial resistance level of $62k, potentially confirming a bullish reversal or deviation. Additionally, the breakout from the falling wedge pattern adds further bullish technical momentum.

Based on this pattern, we could potentially see a price increase towards the previous high of $73,400. However, it's important to note that this is just a possibility.

Invalidation of this bullish scenario: A daily close below the $62k level would weaken the current bullish momentum. ⬇️

What are your thoughts? Share your technical analysis and insights in the comments below!

7 мая 2024 г.

Заметка

#BTCUSDT : BTC is still in the safe zone. Currently, trading above the falling wedge. Expecting the same target of 73K-$74k level.
Invalidation:- Close below the $62k level.