#BITCOIN is currently trading within a rising wedge pattern on the 1-hour chart, a formation that often signals a potential breakdown if support fails.
Understanding the Rising Wedge
A rising wedge is a bearish pattern where price moves within a narrowing upward channel. It indicates that momentum may be weakening, and a break below support could trigger a larger correction.
📉 Resistance Line: Price struggles to break above the upper trendline.
📈 Support Line: A break below the lower trendline confirms a bearish move.
Key Levels to Watch
🔹 Support Zone – 82,000 - 81,000:
A break below this level confirms the wedge breakdown, potentially leading to 80,000 or lower.
Losing this zone could bring increased selling pressure.
🔹 Upside Resistance – 86,000 - 87,500:
If price breaks above the wedge, it could invalidate the bearish scenario and push toward 88,500 - 90,000.
A high-volume breakout above this level would signal continued bullish strength.
Possible Scenarios
✅ Bullish Breakout: A break above 86,000 invalidates the wedge, leading to upside continuation.
Price needs to sustain above 87,500 for a strong bullish move.
❌ Bearish Breakdown: A break below 82,000 could trigger a move toward 80,000 or lower.
Watch for increased selling volume as confirmation.
#BTC is at a critical decision point—will bulls break out or will bears take control?
