Bitcoin Technical Analysis Chart:-
Bitcoin is forming an ascending triangle pattern on the 4H chart, which is typically a bullish signal.
The breakout direction of an ascending triangle is usually upward, but other factors such as market sentiment and news events can also impact the price movement.
It is recommended to wait for a breakout confirmation before making any trading decisions.
The upcoming FOMC news may also impact the price movement of Bitcoin, so it is important to keep an eye on this event.
If there is an upside breakout, the potential target for Bitcoin could be around $30400. If there is a downside breakout, the target could be around $25800.
It is important to conduct thorough research and analysis before making any trading decisions in the volatile cryptocurrency market and to use risk management strategies to protect your investment.
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