Bitcoin’s Falling Wedge Pattern Breakout—Next Stop: $100K?Bitcoin ( BINANCE:BTCUSDT ) started to fall after US indices(Core CPI m/m_CPI m/m_CPI y/y) were announced but rose again. One of the reasons for the rise of Bitcoin in the previous minutes was Trump's speech , which talked about negotiations with Russia ." Trump: Putin and I agreed to have respective teams start negotiations immediately ."= The possibility of the end of wars , in general, can increase investment security.
After several attempts to break the Support zone($96,520-$95,720) , Bitcoin failed to break this zone and created a Fake Break .
Bitcoin is above the Support zone($96,150-$94,760) and near the upper lines of the Falling Wedge Pattern .
Regarding Elliott wave theory , Bitcoin seems to be completing the Double Three Correction(WXY) as the main wave X was completed minutes ago .
I expect Bitcoin to break the upper lines of the Falling Wedge Pattern soon and rise to the Targets I specified on the chart.
Note: If Bitcoin goes below $93,800, we have to wait for an attack on the Heavy Support zone($93,300-$90,500), and there is a possibility of a heavy fall in this situation.
Do you think the Falling Wedge Pattern will eventually increase Bitcoin?
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
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