Falling wedge pattern breakout done, btc 52k on mark!!

Technical analysis: #bitcoin(hourly update)

Welcome to this quick update everyone, If you had followed my previous update, we clearly told you about the support levels for BTC and look how nicely it bounced from our support (46K). We also mentioned that if BTC holds and closes above the $50k level then we may see a rally towards 52K and above.

Well, you can clearly see it in this 4 hours chart where we are heading.

In 4 hours TF, BTC formed a falling wedge and look how perfectly it broke out of it and it is currently at the retest phase. BTC may possible reach 52K+ only if it holds above these falling wedge pattern. $46600 would be an important support for BTC.

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