Bitcoin is Approaching a Critical Moment!Bitcoin is testing a potential breakout from a descending wedge that began forming on January 20th. For the bulls to take control, BTC needs to close above $86,831 by the end of Monday, March 24th. A successful break and hold above this level could signal a strong upward move.
On the flip side, failure to break out may lead to a drop toward $76,817, a key support level from March 11th. If this support fails, the next significant level to watch is $69,665—a critical resistance Bitcoin overcame last year on November 6th before its prior rally. The next few days will be pivotal for determining BTC’s direction. Stay tuned for the Monday close!