#Bitcoin is currently forming a rising wedge chart pattern — a formation typically considered bearish in technical analysis.
Interestingly,
BTC is surging strongly after retesting the lower support trendline of the wedge. While this momentum suggests a potential breakout to the upside, it's important to note that such breakouts from a rising wedge are rare, as the pattern generally signals a reversal or breakdown.
That said, I firmly believe Bitcoin has the strength to reach around $114,000 in the near term. Once that level is tested, I’ll reassess the chart for its next major move.
Interestingly,
BTC is surging strongly after retesting the lower support trendline of the wedge. While this momentum suggests a potential breakout to the upside, it's important to note that such breakouts from a rising wedge are rare, as the pattern generally signals a reversal or breakdown.That said, I firmly believe Bitcoin has the strength to reach around $114,000 in the near term. Once that level is tested, I’ll reassess the chart for its next major move.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.