🔥 Bitcoin Successful Falling Wedge Break Out After CPI
Updated
In my most recent Bitcoin analysis I talked about this falling wedge pattern and how I was monitoring a bullish break out, since falling wedges are classically bullish break out patterns. All previous targets hit, congratulations if you took the trade.
With a bullish reaction to yesterday's CPI, I think there's more to this rally. I think there's a decent probability that the lows are in for the near-term and that we're going to see more bullish price action, potentially even targeting $25,000 and beyond. However, that's still too early to say.
Best case scenario would be a copy of the 2019 break out after the daily Golden Cross. See my analysis below.
With a bullish reaction to yesterday's CPI, I think there's more to this rally. I think there's a decent probability that the lows are in for the near-term and that we're going to see more bullish price action, potentially even targeting $25,000 and beyond. However, that's still too early to say.
Best case scenario would be a copy of the 2019 break out after the daily Golden Cross. See my analysis below.
Note
All targets hit 😁🔥
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