The BTC/USDT 4-hour chart displays a rising wedge pattern, indicating a consolidation phase within an uptrend. RSI signals are neutral, with a slight upward bias. A breakout above the wedge could confirm a bullish continuation, targeting the $124,000 level. Support near $92,000 acts as a safety zone for corrections, suggesting a high probability of bullish momentum.
The USDT dominance chart displays a clear bearish trend, characterized by a double-top formation and a breakdown below key support levels. The RSI confirms the downward momentum, signaling oversold conditions. A further decline in dominance aligns with an anticipated Bitcoin price surge, as capital rotates from stablecoins into BTC and other altcoins. This supports a bullish outlook for Bitcoin's price action.
This heatmap chart indicates concentrated liquidation zones around the $105,000 level, highlighting significant resistance. However, steady price recovery and increased activity below $100,000 suggest bullish sentiment, aligning with potential Bitcoin price appreciation.
Entry: 98492.85 or Market Price
1st Tp: 107286.03
2nd Tp: 115056.74
3rd Tp : 121907.24
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