Bitcoin Technical Analysis
The 4-Hour Chart :-
In the short term, the 4-hour chart suggests a bullish outlook. The price has broken above a large falling wedge pattern, a classic bullish reversal signal. From a classical PA perspective, BTCâs price is expected to rise again toward the $30K resistance level.
This would be a strong bullish signal, as the probability of a breakout would likely be significantly higher this time. However, the price needs to complete a pullback before rallying higher.
$BTC
