hello traders
what is your thoughts on BTC.
My Analysis:
The chart shows a falling wedge pattern, which is generally a bullish reversal signal.
The price has broken out of the wedge and is now approaching the resistance zone (support area turned resistance) around $83,000.
A successful breakout above this zone could trigger a strong upward move, as indicated by the blue arrow.
Volume has increased significantly, suggesting potential buying pressure.
If BTC rejects this resistance zone, a retest of the previous support level might occur before another attempt to move higher.