BTC's price has been trading within a broadening wedge pattern for the last 160 days. Recently, it bounced off the wedge's support and is now trading at the 59K level. We can expect a small correction before the next upward move, with the price possibly touching the 55K level before resuming a bullish trend.
Regards Hexa
Note
BTC price reached 64.9k.
Note
BTC price is moving towards the broadening wedge resistance line for a potential breakout.
Once the breakout occurs, we could see a strong bullish move towards 100K.
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BTCUSDT broadening wedge breakout confirmed in day chart
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