🌟🔥 Lastest Crypto Altcoin TA Analysis
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#BTCUSDT on the 1d Chart
Bitcoin remains trapped within a descending wedge, marked by lower highs since May 📉
Despite recent impulses, it has failed to break the descending trendline, and volume continues to decline, reflecting market indecision ⏱️
A daily close above $111K would confirm a wedge breakout, with technical projections aiming for Fibonacci extensions at $117,300, $121,700, and $128,100 📈
👉 Conversely, if BTC fails to break the trendline and loses the $105K support, a deeper correction could unfold
In that case, the $98,000 level becomes key to watch for a potential institutional reentry or renewed accumulation 👀
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