✅Breakout Confirmed: Bitcoin has decisively broken out of the falling wedge pattern that persisted through late 2024 to early 2025. Historically, falling wedges are bullish reversal patterns and this one played out perfectly with a strong upward rally.
✅Horizontal Resistance Flipped: The previous resistance zone around $88,000–$92,000 has been cleared. Bitcoin is now targeting its next key level at $109,356, and beyond that it’s in price discovery mode.
✅MACD Bullish Cross: On the weekly MACD, a bullish crossover going to happen (highlighted with orange circles). Each previous MACD crossover on this timeframe led to massive upside movements, and the histogram is now expanding positively, suggesting strong momentum.
✅RSI Breakout: The RSI (currently-58) has broken a long-term downtrend line and is now pushing higher. This breakout shows increasing strength and buying pressure, with no immediate signs of bearish divergence yet.
Bitcoin jumped 10% last week and turn positive once again.
✅Breakout Confirmed: Bitcoin has decisively broken out of the falling wedge pattern that persisted through late 2024 to early 2025. Historically, falling wedges are bullish reversal patterns and this one played out perfectly with a strong upward rally.
✅Horizontal Resistance Flipped: The previous resistance zone around $88,000–$92,000 has been cleared. Bitcoin is now targeting its next key level at $109,356, and beyond that it’s in price discovery mode.
✅MACD Bullish Cross: On the weekly MACD, a bullish crossover going to happen (highlighted with orange circles). Each previous MACD crossover on this timeframe led to massive upside movements, and the histogram is now expanding positively, suggesting strong momentum.
✅RSI Breakout: The RSI (currently-58) has broken a long-term downtrend line and is now pushing higher. This breakout shows increasing strength and buying pressure, with no immediate signs of bearish divergence yet.