BTC/USD (Bitcoin) - Falling Wedge Breakout Pattern - Daily
BTC/USD (Bitcoin) cryptocurrency has finally broken out above a 1-year falling wedge price pattern.
Bitcoin price needs to stay above $25000 and continue its uptrend to sustain a rally this year
Resistance Targets above are: $30000, $40000, $50000.
Support Targets below are: $25000, $20000, $15000.
note: recent volatility and price action has been influenced by global economic factors such as interest rate hikes, inflation, recession risk, and banking crisis. be aware of fundamental news that can override technical charts.
Bitcoin price needs to stay above $25000 and continue its uptrend to sustain a rally this year
Resistance Targets above are: $30000, $40000, $50000.
Support Targets below are: $25000, $20000, $15000.
note: recent volatility and price action has been influenced by global economic factors such as interest rate hikes, inflation, recession risk, and banking crisis. be aware of fundamental news that can override technical charts.
Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
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.