**BTC Alert!!**
Bitcoin showed a falling wedge pattern and crossed the $61,980 to $62,380 range, as I mentioned before. It looks like the fake breakout is over, and breaking this range has confirmed the bullish trend from the falling wedge pattern. We could soon see a rise that takes Bitcoin to around $64,000.
Hereâs a recap of my earlier analysis for convenience:
**Previous Analysis Recap:**
- The market started at $57,844 and reached $65,120.
- $66,820 was a critical resistance level, based on Bitcoinâs highest price 190 days ago.
- If Bitcoin breaks $66,820, it could lead to the next support level and signal a potential reversal.
- Technical analysis suggested that $90,000 could be the key reversal point.
- Markets rarely break important levels in a straight line. Fake breakouts and traps for traders are common.
**Current Situation:**
- The market has filled about half of the 20-day gap, indicating a fake breakout.
- The falling wedge pattern has confirmed the bullish trend, signaling the end of the fake breakout.
- Reaching the reversal point is possible, but thereâs always some unpredictability.
**Special Tips:**
- **Protect Your Capital**: Focus on major market swings.
- **Research & Stay Calm**: Always do your own research.
- **Stay Updated**: Keep an eye on market movements.
**Disclaimer:**
This is not financial advice. Make sure to verify trends before making any trades.#Write2Earn! #Write2Earn! #Write2Earn! #Write2Earn! #Write2Earn!
