🕯️ BTC/USDC – “BTC at wedge resistance – reversal or breakout ahead?”

Yesterday (1H & 4H): BTC traded between 114,500 and 115,800 USDC, forming a rising wedge on the 4H chart. The long upper wick at 115,800 signals resistance rejection.

Fibonacci retracement (100,000 → 122,000):

• 38.2% = 112,500

• 50% = 111,000

• 61.8% = 109,000

• Extension 1.618 = 123,000–124,000

Support: 114,500 / 112,500 / 111,000

Resistance: 115,800 / 117,500 / 120,000

Forecast:

• Bullish: 4H close above 115,800 → move toward 118,000–120,000 (possible extension to 123,000)

• Bearish: Break below 114,500 → test 112,500 or 111,000

📌 #BTCUSDC #BitcoinAnalysis #FibLevels #CandleTimes #PriceAction