#BTCWillRise

Technical Indicators Point to Possible Surge

A clear descending wedge formation can be seen in the daily price chart. Technical analysis experts assert that if this formation is broken, the price could jump by up to 21%. The Relative Strength Index (RSI) indicates continued upward momentum, supporting the potential breakout from a technical perspective.

Expert analyst Carmelo notes that while Bitcoin’s gradual ascent has not yet turned into a significant rally, the accumulation phase is accelerating. According to Carmelo, this quiet period might be a precursor to a price surge. “We have been observing gradual increases since April, yet a sudden jump has not yet occurred. As accumulation continues, this surge could become inevitable,” he stated.

The strongest resistance levels ahead are highlighted as $95,680 and $99,690. If these levels are surpassed, the price may climb as high as $115,000. On the other hand, should the price fail to break these levels, a pullback finding support around $92,000 is expected. Alongside technical indicators, market psychology will likely be decisive at these levels.