Bitcoin Eyes Support Zone for Potential Breakout
#Bitcoin❗ #bitocoin #BitcoinTrends" #bitcointrending
Bitcoin is hovering around its crucial "support zone" between "$58,000 and $56,600", signaling potential upside.
According to "Classic Technical Analysis", Bitcoin has successfully broken the upper line of a "Falling Wedge Pattern", hinting at a bullish reversal. There's also the formation of an "Inverse Head and Shoulders" pattern, which could further strengthen the uptrend.
From an "Elliott Wave" perspective, Bitcoin has completed the "Double Three Correction (WXY)", which is part of its corrective phase.
Additionally, "Regular Divergence (RD+)" between consecutive valleys supports the bullish outlook, with potential targets aligned with the "Falling Wedge Pattern" breakout.
