Critical🤩 Juncture for Bitcoin!
✅BTC is currently at a pivotal point. We're on the cusp of a potential breakout from a rising 📈wedge pattern on the daily timeframe. This pattern often signals a bearish reversal.
⬜Key indicators to watch:
Volume is decreasing📉 on the daily timeframe, suggesting a significant move is imminent.
The bearish RSI on the daily timeframe increases🔥 the likelihood of a breakdown and correction.
🔵If $BTC breaks above the local top and 104k mark with a good volume, we can continue higher. If not, we may see a downturn📉 to 90k-91k and potentially 83k-85k.
✅Be prepared for either scenario so that you can enjoy the ride.
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