$BTC
Falling Wedge Formation on the Weekly Timeframe 🧐📉
Bitcoin continues to trade inside a large Falling Wedge formation on the weekly chart, with price gradually moving toward the lower part of the structure.
I’m expecting September to be a potential bottoming month for BTC, where we could see one final shakeout or liquidity sweep before the market finds stronger support.
Once the final shakeout is complete, a bullish breakout from the Falling Wedge could occur around the beginning of October. A confirmed breakout, especially with strong volume and a successful retest, could signal the start of a much larger recovery.
📈 My current view:
September → Possible final shakeout & bottom formation
Early October → Potential Falling Wedge breakout
Q4 → Potentially bullish phase for Bitcoin
Of course, this is a market outlook, not a guarantee. The key confirmation will be a clean breakout and successful retest of the wedge resistance.
If BTC follows this structure, Q4 could get very interesting. 👀🔥
#Bitcoin #BTC #BitcoinAnalysis #
Falling Wedge Formation on the Weekly Timeframe 🧐📉
Bitcoin continues to trade inside a large Falling Wedge formation on the weekly chart, with price gradually moving toward the lower part of the structure.
I’m expecting September to be a potential bottoming month for BTC, where we could see one final shakeout or liquidity sweep before the market finds stronger support.
Once the final shakeout is complete, a bullish breakout from the Falling Wedge could occur around the beginning of October. A confirmed breakout, especially with strong volume and a successful retest, could signal the start of a much larger recovery.
📈 My current view:
September → Possible final shakeout & bottom formation
Early October → Potential Falling Wedge breakout
Q4 → Potentially bullish phase for Bitcoin
Of course, this is a market outlook, not a guarantee. The key confirmation will be a clean breakout and successful retest of the wedge resistance.
If BTC follows this structure, Q4 could get very interesting. 👀🔥
#Bitcoin #BTC #BitcoinAnalysis #