USDBTC macro chart shows two long-term ascending wedges, highlighting consistent higher highs and lows over years. RSI coil near a downtrend suggests a potential breakout, while MACD shows increasing bullish momentum. Historical symmetry in cycles (~630-644 days) and volume decline point to a consolidation phase nearing completion. If soon there is a breakout above the orange wedge, it could align with BTC's historical explosive moves, targeting new highs. Bullish macro structure intact.
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.