Alert!!
We are now seeing a falling wedge pattern.
Reviewing the 30-minute chart, we notice a falling wedge pattern forming. When this pattern breaks to the upside, it signals an upside move.”
Now that the market has broken this pattern and moved higher, let’s talk about the next possibility.
1. We know that when a falling wedge pattern forms and the market breaks this pattern and moves higher, it signals an upside move.
2. But the market can be unpredictable, so we need a double confirmation.
3. If the market breaks the $61,980-$62,380 price point, the market will confirm the upside move. This could lead to $66,820.
4. But,
If the market rejects this resistance and fails to break it, we could see further consolidation or a downside move, which could lead to the $57,844 price point.
5. Here’s a quick summary:
* Bitcoin has broken the falling wedge pattern – a bullish sign.
* Watch for confirmation if it crosses the $61,980-$62,380 resistance level.
* If the market rejects this resistance, there is a possibility of a downside or consolidation, With $57,844 as a key level.
Special Tips:
Protect Capital: Focus on major swings.
Research and Stay Calm: Do your own research.
Be Informed: Follow market movements.
Disclaimer:
This is not financial advice; check trends before trading.
