🚨 🔥 Attention my dear investors
Bitcoin: Ascending Wedge - Correction or Deeper Drop?
After reaching a new all-time high around 124.5K, BTC faced a strong pullback, falling approximately -12.6%.
Although this may be a normal drop in a strong bullish trend, the current setup looks more complicated. BTC confirmed a large Ascending Wedge pattern—a bearish signal suggesting that the price may drop further.
If the wedge materializes, the first key support could be near 116K. A break below this could trigger a deeper drop towards 100K.
If BTC falls below the 100K zone, the next downside targets could be 88K and even 78K, as highlighted in the chart.
You can find more details in the chart!
Trade at your own risk 👍
Sincerely, Trade Cryptocurrencies
Stay tuned for more updates.
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