On the 1-hour time frame, BTC is forming a falling wedge pattern 📉, which is typically a bullish signal 📈. This pattern indicates the potential for an upward breakout. The RSI is also moving upward 📊, further supporting the bullish momentum.
Looking closely, BTC has been repeatedly rejecting the support line before bouncing back 🔄. This consistent behavior strengthens the idea that the current setup favors buyers. If BTC successfully breaks above the resistance line 🚀, we could see it targeting the next major zone around $95,993.45 🎯.
This movement aligns with classic technical analysis principles, where a falling wedge often precedes a strong upward move. Keep an eye on the breakout level, as it could be the start of a significant rally. If the breakout occurs with high volume 📊, the chances of reaching the target zone are even stronger.
In summary, BTC is showing strong bullish signals with a falling wedge, upward RSI, and support rejections. A resistance break could pave the way for the next big move! 🟢
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$BTC #swap_crypto