Rising wedge on 15m – price nearing a decision point
BTC/USDC on the 15-minute chart is forming a classic rising wedge. Price action is narrowing, and the pattern is approaching its apex - a breakout is likely coming soon.
What the chart shows:
1. Technical structure
• Converging resistance and support lines = wedge tightening
• Resistance around ~97,465 remains strong
2. Volume and OBV
• No significant increase in volume near resistance — weak buying pressure
• OBV is flat — no signs of accumulation
3. RSI
• RSI(6): 71.8 — in overbought territory
• RSI(12/24): trending higher, but momentum is fading
Liquidation map:
• Majority of high-leverage liquidation levels sit below the current price — between 92,000–96,000
Possible outcomes:
Scenario 1 – Break to the upside (less likely without volume):
• Needs a confirmed breakout above 97,465 with strong volume
• Estimated range: 98,000–99,000
Scenario 2 – Break to the downside (more likely based on data):
• A break below 96,600 could trigger a correction
• Potential range: 93,000–95,000
We’re approaching a decision point.
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