🚨 BTC Approaching Decision Point — Breakout or Breakdown?
Bitcoin is trading within a rising wedge pattern on the daily chart, a structure often associated with potential reversals. Price is still inside the Ichimoku Cloud and above the key moving averages, keeping the bullish trend intact for now. However, RSI shows a bearish divergence — price is making higher highs while RSI is making lower highs, hinting at weakening momentum. Stochastic RSI is also oversold, signaling that a short-term bounce may occur before any further move. Volume is decreasing slightly, showing market indecision. If bulls can hold the wedge support, BTC could rally toward new highs, but a breakdown could trigger a sharp correction.
🎯 Entry: $111,500 – $113,000
🚀 Take Profit (TP): $127,700
🛡️ Stop-Loss (SL): $107,500
