⚠️ Important Warning: Bitcoin broke the rising wedge pattern.. Are we headed to 76K?
The time for jokes is over.
Bitcoin broke the Rising Wedge pattern on the daily timeframe, which is a clear confirmation of short-term selling pressure.
What does this mean?
As long as the price trades below the broken trendline, the way is open for further downside.
My bearish targets:
🎯 First target: 77,000
🎯 Second target: 76,250
And if selling pressure increases, we may see even lower levels.
When is this bearish scenario invalidated?
This negative analysis is invalidated only if there is a strong close with a 4-hour candle above the 79,400 - 79,600 level. In that case, we may return to an upward move toward 80,200 - 81,000.
This is a technical read, not investment advice—risk management first.
What do you think? Will we see 76K before the bounce, or is this breakout a trap for whales? Share your expectations.
$BTC
$XRP
The time for jokes is over.
Bitcoin broke the Rising Wedge pattern on the daily timeframe, which is a clear confirmation of short-term selling pressure.
What does this mean?
As long as the price trades below the broken trendline, the way is open for further downside.
My bearish targets:
🎯 First target: 77,000
🎯 Second target: 76,250
And if selling pressure increases, we may see even lower levels.
When is this bearish scenario invalidated?
This negative analysis is invalidated only if there is a strong close with a 4-hour candle above the 79,400 - 79,600 level. In that case, we may return to an upward move toward 80,200 - 81,000.
This is a technical read, not investment advice—risk management first.
What do you think? Will we see 76K before the bounce, or is this breakout a trap for whales? Share your expectations.
$BTC
$XRP
