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Here we are mapping chart of BTCUSDT ( BITCOIN ) in 4-Hour TF
This chart shows Bitcoin’s price forming a falling wedge, which is usually a sign that the price might go up soon.
Breakout Signal: The price is slowly moving out of the wedge, which is a good sign for a possible upward move.
Next Target: If the price continues to rise, it may reach the $104,000–$106,000 .
Risk Factor: If Bitcoin doesn’t hold above the breakout level, it could drop to $92,000 or even $88,000.
In simple terms: Bitcoin might be ready to move up, but it needs to stay above this level to confirm the breakout.
Here we are mapping chart of BTCUSDT ( BITCOIN ) in 4-Hour TF
This chart shows Bitcoin’s price forming a falling wedge, which is usually a sign that the price might go up soon.
Breakout Signal: The price is slowly moving out of the wedge, which is a good sign for a possible upward move.
Next Target: If the price continues to rise, it may reach the $104,000–$106,000 .
Risk Factor: If Bitcoin doesn’t hold above the breakout level, it could drop to $92,000 or even $88,000.
In simple terms: Bitcoin might be ready to move up, but it needs to stay above this level to confirm the breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.