Bitcoinâs W-pattern is unfolding like a storm on the horizon, hinting at a major move ahead. On the 12-hour chart, BTC is confronting a key resistance level. The next few candles will decide the outcomeâa breakout or rejection that could shape the week to come.
đ Breakout scenario:
If Bitcoin pushes through the resistance, the W-pattern could spring to life, sending prices surging toward higher targets. Momentum might build quickly, sparking FOMO and drawing in fresh buyers.
đ Rejection scenario:
But if the resistance holds, Bitcoin could pull back, testing support zones once again. This might lead to some consolidation, with the W-pattern stalling as the market waits for a clearer direction.
⥠Key signals to watch:
Volume shifts: Strong volume will indicate whether bulls or bears are in control.
Momentum indicators: RSI or MACD can reveal subtle shifts in market sentiment.
Support levels: If rejected, BTC might find footing around $28kâ$30k, preparing for another attempt.
The stage is set, and Bitcoin is teetering on the edge. Whether it breaks free or retreats for now, the W-pattern is signaling that opportunity is nearâbe ready to catch the wave.
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