WILL BTC BE ADLE TO BREAK THE 45K LEVEL?

9 Mar 2022

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As per my previous BTC chart, as I mentioned that BTC will break this falling wedge pattern and then it will bounce up to 41.5K level
Currently, it is facing 41.5k level resistance.

Here we have two scenarios.

First scenario: for bullish momentum BTC needs to break and close the 4-hour candle above 41.5 k resistance level.

Second scenario: If BTC I will not able to break the 41.5 K label then the chart will become invalid but we have 50ma or 100ma as local support.

Let's see how the market reacts a few hours.

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9 Mar 2022

Not

Here we go as per my first scenario BTC break and close upside the 41.5k level so we can expect a bounce up to 45k resistance level.