BTCUSD – Rising Wedge Breakdown Risk | 4H Analysis

26 Mar

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Bitcoin is currently trading near $88,000, forming a rising wedge after recovering from a falling wedge breakout. However, the price is facing resistance near Top 1 and Top 2 levels, indicating possible exhaustion.

Technical Analysis
Rising Wedge Formation
– Typically a bearish pattern
Resistance at $88,000 - $90,000 – Price struggling to break above
Potential Targets – Breakdown could lead to $84,000 and $78,000 zones


Fundamental Outlook
ETF inflows slowing, impacting bullish momentum
Macroeconomic uncertainty & Fed policies influencing price action

A break below the wedge support could trigger a correction. However, a breakout above $90,000 may push BTC toward new highs. Watch key levels before making a move.

26 Mar

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