🚨 Important Break on Bitcoin... Is the Explosion Starting? 🚀
Bitcoin has successfully broken the descending triangle pattern on the hourly timeframe, and it seems that the market is starting to prepare for a new upward phase, with one condition:
Maintaining the level of $109,500
This level now represents a very important technical support, and if the price stabilizes above it, we might see a strong movement towards:
$111,500$ then $113,000
But be careful:
If it breaks down below $109,500$ with a clear candle, we might witness a rapid decline towards $108,000$ or even $107,300.
The RSI indicator has entered the overbought zone, which means we might see a retest before any new rise.
