Bitcoin is showing signs of a potential reversal on the 15-minute timeframe. A Falling Wedge pattern is forming, often seen as a possible early signal for upside continuation.
📌 Technical Overview:
Price is currently testing the wedge resistance.
If price breaks out and retests the wedge, it could lead to a continuation toward the 108,995–109,199 zone.
Strong horizontal support seen around 104,636.
Bullish price action forming higher lows.
📈 Breakout Confirmation:
A clear breakout and retest of the descending trendline could initiate momentum toward the upper resistance zone.
🟢 Target Area: 108,995–109,199
🔴 Support Level: 104,636
⚠️ Invalidation: Below 104,300 zone
🔎 Always observe price action and volume confirmation before making decisions. Use proper risk management.
📌 Technical Overview:
Price is currently testing the wedge resistance.
If price breaks out and retests the wedge, it could lead to a continuation toward the 108,995–109,199 zone.
Strong horizontal support seen around 104,636.
Bullish price action forming higher lows.
📈 Breakout Confirmation:
A clear breakout and retest of the descending trendline could initiate momentum toward the upper resistance zone.
🟢 Target Area: 108,995–109,199
🔴 Support Level: 104,636
⚠️ Invalidation: Below 104,300 zone
🔎 Always observe price action and volume confirmation before making decisions. Use proper risk management.
Trade active
trade active now Trade closed: target reached
hold for 6 hours
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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.
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.