Breakdown of the falling wedge opens the way above $25,000
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Friends, let's go back to the global scenario for bitcoin once again, the breakdown of the falling wedge and fixation above the pattern can give a good impetus?!
From the technical side, everything looks exactly like this, fixing above the 0.618 zone opens an unconditionally bullish scenario with a hike above $25,000, but as I said earlier, we must not forget about the news that awaits us ahead.
Now all the attention is again directed towards the FOMC, it was after the CPI results that we saw a take-off from $17,000 to $23,000 with you. There were no more high-profile news, there were only small reports.
So, if the fundamental goes positive, which is unlikely (the Fed rate and unemployment data), then this can certainly push Bitcoin into the $25,000 zone with one fat candle, but the question is whether the buyer will hold the price there or not, a quick correction back can follow. to local levels of support, it's like thinking out loud...
If the data comes out at a rate above the expected 0.5-0.75 bp, then most likely we will again go under the pattern's global resistance and this may bring a deep correction to $18,000-17,000 again.
Or maybe not everything is as bad as it seems, they will again show the removal of 300-500 points back and forth and again hang in the $22,800-23,500 zone
Friends, let's go back to the global scenario for bitcoin once again, the breakdown of the falling wedge and fixation above the pattern can give a good impetus?!
From the technical side, everything looks exactly like this, fixing above the 0.618 zone opens an unconditionally bullish scenario with a hike above $25,000, but as I said earlier, we must not forget about the news that awaits us ahead.
Now all the attention is again directed towards the FOMC, it was after the CPI results that we saw a take-off from $17,000 to $23,000 with you. There were no more high-profile news, there were only small reports.
So, if the fundamental goes positive, which is unlikely (the Fed rate and unemployment data), then this can certainly push Bitcoin into the $25,000 zone with one fat candle, but the question is whether the buyer will hold the price there or not, a quick correction back can follow. to local levels of support, it's like thinking out loud...
If the data comes out at a rate above the expected 0.5-0.75 bp, then most likely we will again go under the pattern's global resistance and this may bring a deep correction to $18,000-17,000 again.
Or maybe not everything is as bad as it seems, they will again show the removal of 300-500 points back and forth and again hang in the $22,800-23,500 zone
