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$BTC Update: Falling Wedge Pattern
BTCUSDT SPOT
Long
$BTC Update: Falling Wedge Pattern
By CryptoPatel
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May 3
5
May 3
BTC
Update: Falling Wedge Pattern
Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag.
Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000
However, if BTC fails to hold the yellow Box support, expect potential downside to 50k and 40k.
Stay cautious and keep an eye on these key levels!
#Bitcoin #Crypto #TechnicalAnalysis
Bitcoin (Cryptocurrency)
breakout
BTC
BTCUSDT
Bullish Patterns
Chart Patterns
Ethereum (Cryptocurrency)
Technical Indicators
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