⚠ #bitcoin $BTC
Warning: Major Correction Ahead?
BTC$BTC ’s rally faces a red flag as charts flash a bearish rising wedge, a pattern that often precedes sharp pullbacks. Momentum indicators like RSI and PPO also show weakening strength despite higher prices — a sign the rally may be running out of steam.
📉 Potential downside target "worst case scenario" : $60,370 if the wedge breaks lower
📈 Bullish invalidation: Daily close above $125K
🎤 All eyes on #JeromePowell's Jackson Hole speech — dovish = bullish, hawkish = bearish. This could be the catalyst for Bitcoin’s next big move. #BTC Price Analysis#MarketPullback