Bitcoin's Breakout from a Wedge Pattern: Heading Towards $66,000

2024年9月20日

hello guys.

let's dive into btc analysis after the previous analysis:

Broken wedge pattern: The chart shows a clear breakout from a descending wedge, a bullish reversal signal, indicating a potential trend shift.

Upward channel: After the breakout, Bitcoin has been moving within an ascending channel, which provides a strong bullish structure for price movement.

Support and resistance levels: Immediate support can be found near $62,000, while the next target on the upside is projected around $66,000.

Potential pullback: A minor retracement within the channel might occur, but overall momentum remains bullish as long as Bitcoin stays within the channel.

Bullish momentum: With the strong volume and the breakout from the wedge, the next logical resistance area to test is around $66,000 or higher.

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2024年9月21日

注释

it reacts to the top line of the channel very well, but it is a question if the price continues to downward movement or not!

2024年9月27日

交易结束：到达目标

the pointed area touched