BITCOIN, Develops Main BROADENING-WEDGE-BOTTOM-FORMATION!

Hello,

Welcome to this analysis about Bitcoin and the 4-hour timeframe perspectives. As I discovered Bitcoin in recent times is developing important formational structures that are decisive for the upcoming determinations and objections Bitcoin will have the ability to show up with. As already mentioned in the previous analysis Bitcoin has already developed this massive broadening-wedge-formation on the 12-hour chart which has the ability to complete when Bitcoin now manages to bounce appropriately within the structure and in this context I detected an underlying formation Bitcoin is forming here that will be decisive in the next determinations, therefore, I discovered all the important levels, structural formations and upcoming determinations we need to consider.

As when looking at my chart we can watch there how Bitcoin is now about to finalize this whole broadening-wedge-bottom-formation with the waves A to E almost already completed within the wedge which were important for this whole pattern. And now as Bitcoin manages to bounce within the lower-boundary of this broadening-wedge-bottom-formation this is actually the origin for further developments and an appropriate bounce above the upper-boundary of this broadening-wedge-bottom-formation. When Bitcoin finally bounces above this boundary to complete this whole reversal-formation it will be the great source for further continuations to the upside and it actually will activate the target-zone at the 64350 USD level marked in blue in my chart.

Taking all these factors into the consideration now it will be highly necessary for Bitcoin to show up with the proper confirmations before further conclusions can be made, this is pivotal because otherwise, this whole formation can still invalidate when Bitcoin does not manage to complete the right confirmations. From the fundamental news perspectives there are still greatly bullish factor evolved within this market with such as the Bitcoin ETFs getting approval and institutional investors interest in Bitcoin increases which still leads to more price-manipulation and rigged-Bitcoin activities, therefore it is inevitable to look for these patterns and spot the reversal with the appropriate preparation as we have done it with Bitcoin at its all-time-high manipulated reversal.

In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."

Information provided is only educational and should not be used to take action in the markets.