Chart Overview: Bitcoin (BTC) continues to show signs of bullish momentum after consolidating within a wedge pattern. The breakout appears more confirmed now, with price holding above the local trendline and forming higher lows.
Key Technical Points:
Pattern: Bullish breakout from descending wedge
Support Zone: Strong demand between 116,000 – 117,000 USDT (highlighted in yellow)
Current Price: ~119,100 USDT
Breakout Confirmation: Retest of breakout area appears successful
Targets:
TP1: 123,075 – 123,341 USDT (intermediate resistance zone)
TP2: 127,465 – 127,642 USDT (final target zone from the wedge breakout projection)
Key Technical Points:
Pattern: Bullish breakout from descending wedge
Support Zone: Strong demand between 116,000 – 117,000 USDT (highlighted in yellow)
Current Price: ~119,100 USDT
Breakout Confirmation: Retest of breakout area appears successful
Targets:
TP1: 123,075 – 123,341 USDT (intermediate resistance zone)
TP2: 127,465 – 127,642 USDT (final target zone from the wedge breakout projection)
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Disclaimer
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.
📲 Join telegram channel free ..
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
Disclaimer
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.