🚨 Bitcoin Breaks Out? Or Another Fakeout? 🚨
Bitcoin just popped above a key descending trendline on the 4-hour chart – signaling what could be a potential trend reversal in motion. After weeks of lower highs, $BTC is now testing the breakout zone with precision. 🧐
📈 Bullish signs?
✅ Price is now trading above the 200 MA – a major momentum shift.
✅ Clean break of the downtrend line.
🚀 Eyes now on the $107K–$108K zone as the next resistance target.
But don’t celebrate too early…
⚠️ Caution:
Still waiting for volume confirmation. No volume = no party.
If this move fails to hold, it could just be another stop-hunt fakeout before more downside.
📊 Confirmation will come if BTC holds above the trendline and puts in a higher high.
Stay sharp. The next few candles are critical.
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