#Bitcoin Technical Analysis
Bitcoin has been consolidating in a Descending Broadening Wedge pattern since March 2024.
Bitcoin is bouncing back nicely after the August 5th crash and is now heading towards the $69-70k resistance area.
$BTC bulls need to clear the $69-70k crucial resistance area to confirm the wedge upside breakout. Once the breakout is confirmed, I'm expecting a 15-20% bullish rally in Q4.
The market might remain slow before the breakout or until it passes 64k$ resistance.
you can make multiple trades in this descending broadening wedge pattern, it is this best opportunity for the future traders to make trades in both direction and make handsome money.
Let me make one thing clear: the damage is done, and Bitcoin has already bottomed out.
Markets will likely remain sideways for the next 2 weeks, and then we could see a massive bullish rally, possibly around mid-September.
