🐮 $COW: attempt to break out of a descending wedge!
After a prolonged decline, the price is testing the upper boundary of the pattern. A close above it and a successful retest may open the way to recovery 📈
🎯 Key levels on the chart: • $0,243 • $0,334 • $0,430
The next target is about +188% from the marked on-chart zone $0,15. But first, a breakout confirmation is needed: a return inside the wedge would weaken the upside scenario.
Bitcoin has perfectly worked the move from the lower boundary of the pattern and is now testing the upper trendline in the $81,000–$82,000 area.
This is exactly where I’m expecting a price reaction. A breakout and consolidation above it will open up potential for further upside, while a bounce could trigger a local correction.
For now, I’m not in a hurry—I’m waiting for confirmation of the scenario.
Do you think we’ll break $82K or get a correction? 👇