BTC BROKE OUT! READY TO GO $53K!!

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Welcome to this BTC/USDT update. BTC doing very well after breaking $40.5k resistance it's pumped nicely and currently facing some resistance.

In 8hr timeframe, BTC broke out from the bullish falling broadening wedge and was ready to pump 26% after the breakout. Here is see two scenarios.

Scenario1:- Now BTC might come for the retest of the wedge and the price hit the $42k level. After this retest it is ready to go $53k

Scenario2:- If BTC did not come for the retest and breaks the red resistance cluster without any retest then we will see $53k without any retest.

I'm expecting that scenario1 is highly likely and also good for a healthy pump because if anything pumps without any retest then those pumps can turn out into a fakeout any time.

Invalidation level:- If any candle closes below $40.5k then this chart becomes invalid.

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Yorum:

BTC is rejecting once again from an important resistance of $45k-$46k and currently having local support at around $43,500 if it breaks below this support then it can go to test the $41.5k-$42k level. For further bullish movement BTC has to breaks and close above $46k