On the 1-hour time frame, BTC is forming a falling wedge pattern ๐, which is typically a bullish signal ๐. This pattern indicates the potential for an upward breakout. The RSI is also moving upward ๐, further supporting the bullish momentum.
Looking closely, BTC has been repeatedly rejecting the support line before bouncing back ๐. This consistent behavior strengthens the idea that the current setup favors buyers. If BTC successfully breaks above the resistance line ๐, we could see it targeting the next major zone around $95,993.45 ๐ฏ.
This movement aligns with classic technical analysis principles, where a falling wedge often precedes a strong upward move. Keep an eye on the breakout level, as it could be the start of a significant rally. If the breakout occurs with high volume ๐, the chances of reaching the target zone are even stronger.
In summary, BTC is showing strong bullish signals with a falling wedge, upward RSI, and support rejections. A resistance break could pave the way for the next big move! ๐ข
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$BTC #swap_crypto