Hello, how are you? I hope everything is well with you and you're ready to discuss the new Bitcoin price chart with me!🫶
The price has sharply broken new highs and is confidently moving forward.🚀
If we draw several trend lines on the current pricing, we can see that since February, the price has been moving within a rising wedge! Do you see it too?😳
Technical analysis patterns don't always work out perfectly in the cryptocurrency world🤪, but assuming this is the pattern, a rise to $76,000 is possible, and then we'll need to watch closely, as a sharp price drop could occur (even a deep correction), it's important to monitor further pricing movements!
⚡️Tip: If you want to enter a trade, it's worth dividing your buying amount into several parts (for example, three) and placing them at different levels (for example, $70,000 - $71,000 - $72,000), so you can buy Bitcoin at a favorable price without chasing highs! Sale (profit taking) levels can be set using the same principle!
🛑Stop loss below $65,000 (or better yet, watch the pattern; if the price falls out of the wedge, the stop loss can be placed higher!)
I hope You found it interesting and informative!🫶 Looking forward to Your feedback Subscribe to stay connected💋 Sincerely yours, Kateryna💙💛
I think the pattern will not play out as intended. We are almost going to touch the stop loss area hopefully it will rebound or it will start aggressive correction.
RocketBomb
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@decimalBoa50339, Yes, You are right! We can see deeper correction!