A rising wedge is generally considered a bearish pattern, meaning there is a higher probability of a breakdown than a breakout.
Possible Price Movements:
Breakdown (Bearish Scenario - More Likely)
If BTC breaks below the lower trendline of the wedge, it could lead to a sharp decline.
Potential support levels: $82,500, $80,000, or even $72,500 if selling pressure increases.
Breakout (Bullish Scenario - Less Likely but Possible)
If BTC breaks above the upper trendline, it could invalidate the bearish structure.
Resistance levels: $87,500 and then $90,000+ if momentum builds.
Watch the volume closely—if a breakdown happens with high volume
it confirms the bearish move.
A breakout with strong volume could suggest bullish continuation. #BTC