BTC/USDT • 1H • BINANCE - DESCENDING TRIANGLE BREAKOUT 🚀
Current Price: $77,861 (+1.85%)
PATTERN BREAKDOWN:
✓ Pattern: Descending Triangle Breakout on 1H Timeframe
✓ Support Zone: $76.5K - Held Strong 4 Times
✓ Breakout: $77,861 with High Volume Confirmation
✓ Trendline: Broken After Multiple Rejections
TARGETS:
Target 1: $78,500
Target 2: $79,300
Invalidation: If price goes back below $76,500
ANALYSIS:
Bitcoin was in a downtrend with lower highs. Buyers defended $76.5K support multiple times. Now bulls have broken the descending trendline with strong volume - bullish reversal signal.
Bulls are in control above $77,300. Next resistance $78,500.
Are you long on BTC? Let me know in comments 👇
#BTC #Bitcoin #BTCUSDT #Crypto #Breakout #TechnicalAnalysis #BinanceSquare
Current Price: $77,861 (+1.85%)
PATTERN BREAKDOWN:
✓ Pattern: Descending Triangle Breakout on 1H Timeframe
✓ Support Zone: $76.5K - Held Strong 4 Times
✓ Breakout: $77,861 with High Volume Confirmation
✓ Trendline: Broken After Multiple Rejections
TARGETS:
Target 1: $78,500
Target 2: $79,300
Invalidation: If price goes back below $76,500
ANALYSIS:
Bitcoin was in a downtrend with lower highs. Buyers defended $76.5K support multiple times. Now bulls have broken the descending trendline with strong volume - bullish reversal signal.
Bulls are in control above $77,300. Next resistance $78,500.
Are you long on BTC? Let me know in comments 👇
#BTC #Bitcoin #BTCUSDT #Crypto #Breakout #TechnicalAnalysis #BinanceSquare
