BitcoinLong
BULLISH ON BTC
#BTCUSD
Timeframe: DAILY
BTCUSD remains in a consolidation phase after a strong bullish rally 📈, respecting the support zone near $34,000. Price action is forming a descending wedge pattern, signaling potential accumulation.
Currently, BTC is hovering near the wedge’s lower boundary and the support zone, indicating a possible breakout. A bullish break above $38,000 could send the price rallying toward the next resistance levels of $42,000 and $45,000. However, if the $34,000 support fails, we could see a pullback to the ascending trendline around $30,000.
For now, the structure hints at bullish potential, but patience is key to confirm direction. 🔍
Timeframe: DAILY
BTCUSD remains in a consolidation phase after a strong bullish rally 📈, respecting the support zone near $34,000. Price action is forming a descending wedge pattern, signaling potential accumulation.
Currently, BTC is hovering near the wedge’s lower boundary and the support zone, indicating a possible breakout. A bullish break above $38,000 could send the price rallying toward the next resistance levels of $42,000 and $45,000. However, if the $34,000 support fails, we could see a pullback to the ascending trendline around $30,000.
For now, the structure hints at bullish potential, but patience is key to confirm direction. 🔍
Note
Parameters are wrong. Will edit in next btc update
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