Hello Guys Must Support Me For New Infomational Updatws Follow Me Here Is My new Analysis For BTC ( BTC/USD ) Share Your Thoughts Comment Section Thanks
Bitcoin is currently trading near $88,000, forming a rising wedge after recovering from a falling wedge breakout. However, the price is facing resistance near Top 1 and Top 2 levels, indicating possible exhaustion.
Technical Analysis
Rising Wedge Formation
– Typically a bearish pattern
Resistance at $88,000 - $90,000 – Price struggling to break above
Potential Targets – Breakdown could lead to $84,000 and $78,000 zones
Fundamental Outlook
ETF inflows slowing, impacting bullish momentum
Macroeconomic uncertainty & Fed policies influencing price action
A break below the wedge support could trigger a correction. However, a breakout above $90,000 may push BTC toward new highs. Watch key levels before making a move.
Bitcoin is currently trading near $88,000, forming a rising wedge after recovering from a falling wedge breakout. However, the price is facing resistance near Top 1 and Top 2 levels, indicating possible exhaustion.
Technical Analysis
Rising Wedge Formation
– Typically a bearish pattern
Resistance at $88,000 - $90,000 – Price struggling to break above
Potential Targets – Breakdown could lead to $84,000 and $78,000 zones
Fundamental Outlook
ETF inflows slowing, impacting bullish momentum
Macroeconomic uncertainty & Fed policies influencing price action
A break below the wedge support could trigger a correction. However, a breakout above $90,000 may push BTC toward new highs. Watch key levels before making a move.
Trade active
trade Placed In Buy Direction For tp2Trade closed: target reached
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.
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.