$BTC 30mins Chart Analysis

⚠️ Rising Wedge Formation Detected!

Bitcoin is currently moving within a clearly defined Rising Wedge—typically a bearish reversal pattern indicating possible exhaustion of upward momentum.

🔸 Upper Resistance Zone: ~$108,700 – $109,000

🔸 Lower Support Zone: ~$106,400 – $106,700

🟢 Bullish Scenario:

If price breaks upward decisively (high volume above $109K), it can invalidate the wedge and target $110K+.

🔴 Bearish Scenario (more likely):

If price loses the lower boundary (~$106.4K), expect accelerated selling pressure with potential downside targets near $105K–$104.5K.

Wait for clear breakout/breakdown confirmation before entering trades.