🚀 $BTC Price Analysis - Pattern Breakout! 🚀

🔍 Weekly BTC/USDT Chart:

We’re observing a textbook bullish breakout from a falling wedge pattern (marked by the blue lines).After an extended consolidation within this wedge, Bitcoin has finally broken out above resistance levels around $62,500.Notice how the price is retesting the $61,000 zone after the breakout, a crucial level to hold before a potential surge.

📊 Key Levels to Watch:

✨Support: $50,670 - A critical base that has held several times during the wedge formation.

✨Resistance: $63,989 - Immediate resistance where Bitcoin needs to push through for bullish continuation.

✨Target: $85,918 - Based on the wedge breakout and projected upward movement, this is the next major upside target to keep an eye on. 📈

💡 What’s Next?

The retest gives a good buying opportunity, often considered a safer entry than chasing breakouts.

If Bitcoin holds above $61,000 and breaks past $63,989, the bullish momentum could propel it towards the $85,000 region. 🚀

🔥 Stay vigilant and DYOR – as always, keep a close watch on market movements in the coming weeks to see if Bitcoin continues this bullish trajectory.

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