ZehanIslam

Currently, BTC is trading in a Rising Wedge (Rising Wedge) pattern. The chart clearly shows that the price is hitting the upper resistance level.
⭕ Possible scenario: If the price breaks down through the wedge, it could move towards the CME GAP at around $88,000 - $92,000 range.
⭕ It can bounce back from there and make a significant upward move.
⚠️⚠️ Please note:
If the resistance breaks, a new high may come. However, the possibility of a CME GAP fill cannot be ruled out.
🛑Warning: This is not financial advice. Trade at your own risk.

🪙 Latest Bitcoin Update 🪙
Current market price: 10600 USDT
😀 According to chart analysis, BTC can go in two possible directions.
⭕ Bullish scenario:
BTC can rise up to 114,000 USDT if it breaks the resistance.
⭕ Beery Scenario:
If the market is rejected from resistance, BTC could drop down to 90,000 USDT, which is a major support zone.
⭕ After that, a big bounce could start an upside move again from the 90K level.⌛⌛⌛
⭕Advice for traders:
Pay close attention to the main support and resistance levels. Do not take large positions unless a market breakout or breakdown is confirmed.
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#Bitcoin dominance is nearing exhaustion.
4 years of relentless climb 📈
Rejection zone near 70%... again?
Maybe a bit more pain for alts...
But when this cracks altcoins won’t just run... they’ll erupt. 💥