summary: if it falls, it will fall. if it rises, it will rise. stay alert
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Investidor Matuto
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$BTC BTCUSDT WEEKLY CHART
Bitcoin has broken the ascending wedge pattern with significant volume, confirming buying strength. Currently, the price remains above the 50-period moving average, which now acts as an important support.
A retest of the breakout level is possible in the coming weeks, which would serve to consolidate the structure before new highs.
On the other hand, a drop below the 50-period average may signal a loss of strength and open space for deeper corrections.
The price behavior in the upcoming weekly candles will be decisive in determining whether BTC will continue its upward trajectory or enter a consolidation phase.
Bitcoin has broken the ascending wedge pattern with significant volume, confirming buying strength. Currently, the price remains above the 50-period moving average, which now acts as an important support.
A retest of the breakout level is possible in the coming weeks, which would serve to consolidate the structure before new highs.
On the other hand, a drop below the 50-period average may signal a loss of strength and open space for deeper corrections.
The price behavior in the upcoming weekly candles will be decisive in determining whether BTC will continue its upward trajectory or enter a consolidation phase.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.