$BTC Update: Falling Wedge Pattern

3 May

BTC Update: Falling Wedge Pattern

Bitcoin is currently bouncing back within the yellow box but remains inside the Falling Wedge pattern/Bull Flag.

Bulls need to surpass the $65,000 resistance level to confirm an upside breakout. If successful, we could see BTC headed toward $95,000

However, if BTC fails to hold the yellow Box support, expect potential downside to 50k and 40k.

Stay cautious and keep an eye on these key levels!

#Bitcoin #Crypto #TechnicalAnalysis