🚀 Fractal repetition: Bitcoin breaks out of a falling wedge, targeting above $90,000!
A technical audit of the BTCUSD daily chart has confirmed the activation of a strong bullish pattern. The price of the leading cryptocurrency has begun a confident breakout above the upper boundary of the Falling Wedge pattern.
• Analogy.
The current chart structure is an exact replica of the setup from late August and early September. The previous breakout from an identical wedge triggered a parabolic surge, pushing the asset’s price from $74,000 to a local peak of $87,000.
• Target.
Bitcoin has now established itself above $82,960. A repeat of the previous bullish fractal opens a clear path for a parabolic extension, with the price expected to break above the psychological $90,000 threshold by the end of October.
$BTC
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#Bitcoin #BTC #TechnicalAnalysis #FallingWedge #BullRun #SmartMoney #Bybit #BinanceSquare
A technical audit of the BTCUSD daily chart has confirmed the activation of a strong bullish pattern. The price of the leading cryptocurrency has begun a confident breakout above the upper boundary of the Falling Wedge pattern.
• Analogy.
The current chart structure is an exact replica of the setup from late August and early September. The previous breakout from an identical wedge triggered a parabolic surge, pushing the asset’s price from $74,000 to a local peak of $87,000.
• Target.
Bitcoin has now established itself above $82,960. A repeat of the previous bullish fractal opens a clear path for a parabolic extension, with the price expected to break above the psychological $90,000 threshold by the end of October.
$BTC
Subscribe to the channel, where we break down big-money maneuvers without boring theory or market illusions! 🚀
#Bitcoin #BTC #TechnicalAnalysis #FallingWedge #BullRun #SmartMoney #Bybit #BinanceSquare