Bitcoin Breaking Out of a 220-Day Broadening Wedge
BTCUSDT technical analysis update
Bitcoin has been forming a broadening wedge pattern over the past 220 days, indicating increased volatility and indecision near its previous all-time highs. Recently, BTC has been moving towards the wedge’s upper resistance line around 68K, signaling a potential bullish breakout. If confirmed, this breakout could lead to a strong upward move, with targets in the 90K-100K range. Additionally, around 60K, the 100 and 200 EMAs are acting as strong support levels for BTC.
Regards
Hexa
Bitcoin has been forming a broadening wedge pattern over the past 220 days, indicating increased volatility and indecision near its previous all-time highs. Recently, BTC has been moving towards the wedge’s upper resistance line around 68K, signaling a potential bullish breakout. If confirmed, this breakout could lead to a strong upward move, with targets in the 90K-100K range. Additionally, around 60K, the 100 and 200 EMAs are acting as strong support levels for BTC.
Regards
Hexa
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.