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🚀🔥 Clear breakout… and Bitcoin announces the beginning of a new rebound wave!
A few days ago, we talked about a bullish pattern in the Bitcoin chart, and any breakout above the upper trend line could trigger a strong upward wave — and today this scenario happened exactly! 👇
📉 From the peak of 116,400$ , Bitcoin experienced a sharp decline,
and reached a low of 80,600$ and started to build a Higher Low…
We explained that the pattern is being formed and that the breakout is just a matter of time.
And today…
🟢 The daily candle closed clearly above the upper trend line.
🟢 The price is currently at 93,380$ , just touching the area after the breakout.
This breakout is likely paving the way for a rebound wave extending to:
• 94,500$
• 98,000$
• And we might see an attempt to reach 102,000$ later if the momentum continues.
⚠️ New support after the breakout: 89,000 – 90,000$
Its stability provides greater strength to the movement.
📌 Summary:
The pattern has proven itself…
the breakout has occurred…
and the market has given the first signal of a trend change after a very long decline.
🧠 My personal opinion:
This breakout is important and promising, especially since it came with clear liquidity.
Bitcoin is currently in a position that allows it to continue an excellent rebound wave as long as it does not return inside the pattern again.
❓ Question for you:
📈 Do you expect the rise to continue to the 98K areas?
📊 Do we need a retest before the rise?
📉 Could it break the new support again?
