Bitcoin appears to be gearing up for a positive upward trend. Analyzing the 4-hour time frame, I spotted a falling wedge pattern and a confirmed breakout above its upper boundary.
The final challenge for buyers lies at the 93,978 - 94,862 resistance level on the 4-hour chart.
If the bulls can surpass and close above this level, it will indicate a strong bullish signal. This could lead to a bullish continuation, potentially reaching at least 98,000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.