BTCUSDT: falling wedge, big money flowing in at support!!Join our community and start your crypto journey today for:
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BTCUSDT is currently forming a falling wedge pattern, a typically bullish setup. Recently, Bitcoin dropped to a low of $74,446, above the key support zone between $74,254 and $73,057. The strong rebound from this area suggests significant buying interest and possible whale accumulation. However, BTC must secure a daily close above the $81,250 resistance level for a confirmed bullish outlook. In the short term, BTC will likely consolidate between $74.5K and $ 80.5 K. A potential double bottom formation near the $ 73K level could occur before BTC attempts a decisive breakout above the wedge.
Accumulate BTC near the support zone.
Support Levels:
$74,254
$73,057
Resistance levels:
$ 80,500
$ 81,250
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