#BITCOIN is moving inside a clear rising wedge, a pattern that typically signals buyer exhaustion on lower timeframes.
Price is making higher highs, but the momentum is slowing.
A clean break below the wedge support opens downside targets toward: 92,200 → 91,400 → 90,800
IF #BTC breaks above 94,150 with strong volume.
That would invalidate the wedge and push momentum toward:
95,200 → 96,000 → 98,000
Price is making higher highs, but the momentum is slowing.
A clean break below the wedge support opens downside targets toward: 92,200 → 91,400 → 90,800
IF #BTC breaks above 94,150 with strong volume.
That would invalidate the wedge and push momentum toward:
95,200 → 96,000 → 98,000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.