BTCUSDT TA 🔥
Bitcoin has broken out of a bearish wedge, indicating a potential upside move. The price has also been removed from its ascending channel and has broken its ascending channel.
Possible scenario: pullback before the rally
The first support zone is: 60432.9 to 61463.8
A withdrawal of up to $58,000 is possible. This could act as a base of support, after which a reversal may take the price back towards the $75,000 target.
The second support zone is: 57002.5 to 57850.0
The scenario is bullish, with the main difference being that Bitcoin is rising after a corrective dip.