Bitcoin (BTC/USDT) is currently consolidating within a falling wedge pattern on the 1 hour chart. The price is approaching a breakout point, with two potential scenarios:
1. **Bullish Breakout**: If the price breaks above the descending trendline, the target area is around **66,488 USDT**.
2. **Bearish Breakdown**: If the price falls below the lower support line (~65,472), the target area could drop to around **65,109 USDT**.
Watch for a decisive move beyond these key levels to confirm the breakout or breakdown."
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.