Here’s my updated analysis for BTCUSDT; feel free to review and leave your thoughts in the comments!
Recently, Bitcoin's price rose within an ascending channel, breaking through the $61,100 level before reaching the channel’s resistance line. As the price moved close to this line, it peaked at $66,350 before reversing and starting to decline.
Shortly after, BTC dropped out of the channel, reaching a support zone and forming a wedge pattern. Inside the wedge, the price initially dropped to the support line before making an upward move to $69,000. After a brief correction, it resumed its climb, eventually breaking through the $69,000 level and hitting the resistance line of the wedge. Recently, however, BTC dropped to another support zone.
Looking ahead, Bitcoin could potentially rebound from this support area and make a push toward the $73,800 resistance line within the wedge. If you found this analysis helpful, feel free to support with a like or boost, and share your insights in the comments!#CryptoAMA #CryptoPreUSElection $BTC