BTCUSDT: Small Correction Possible Before Uptrend
BTCUSDT(Day Chart) Technical analysis update
BTC's price has been trading within a broadening wedge pattern for the last 160 days. Recently, it bounced off the wedge's support and is now trading at the
59K level. We can expect a small correction before the next upward move, with the price possibly touching the 55K level before resuming a bullish trend.
Regards
Hexa
BTC's price has been trading within a broadening wedge pattern for the last 160 days. Recently, it bounced off the wedge's support and is now trading at the
59K level. We can expect a small correction before the next upward move, with the price possibly touching the 55K level before resuming a bullish trend.Regards
Hexa
Note
BTC price reached 64.9k.Note
BTC price is moving towards the broadening wedge resistance line for a potential breakout.
Once the breakout occurs, we could see a strong bullish move towards 100K.
Trade active
BTCUSDT broadening wedge breakout confirmed in day chartTrade closed: target reached
BTUSDT Chart Update
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
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.