• Current Price: $117,580 (slightly bearish)
• Pattern: Falling wedge (bullish reversal potential)
• Initial Support: ~$116K zone
• Major Support: ~$112K zone (strong bounce potential)
• Breakout Target Levels:
• $118,441
• $119,323
• $120,513
• $121,923
• Scenarios:
• $BTC Bounce from initial support → wedge breakout → upside targets
• Breakdown to major support → strong reversal likely
Bias: Bullish if $BTC price holds above initial support or breaks wedge resistance.
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