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Mar 19, 2023 10:51 PM

BTC/USD (Bitcoin) - Falling Wedge Breakout Pattern - Daily 

Bitcoin / U. S. DollarKraken

Description

BTC/USD (Bitcoin) cryptocurrency has finally broken out above a 1-year falling wedge price pattern.

Bitcoin price needs to stay above $25000 and continue its uptrend to sustain a rally this year

Resistance Targets above are: $30000, $40000, $50000.

Support Targets below are: $25000, $20000, $15000.


note: recent volatility and price action has been influenced by global economic factors such as interest rate hikes, inflation, recession risk, and banking crisis. be aware of fundamental news that can override technical charts.
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