🐮 $COW: an attempt to break out of a falling wedge!
After a prolonged decline, the price is testing the upper boundary of the pattern. A close above it and a successful retest could open the way for recovery 📈
The next target is about +188% from the $0,15 zone marked on the chart. But first, you need confirmation of the breakout: a return back 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? 👇