BTC USDT

Bitcoin on the four-hour frame, we now have a clear and explicit breakout of all downward trends and a successful and stable bounce above them. The upcoming target for the technical analysis of Bitcoin is to aim for the areas of 87,200, then the areas of 88,000 and 888,500. This is a critical area to continue the rise, provided that it remains above this number with two four-hour candles, and preferably a daily bounce for final confirmation. It is not strange that all the numbers mentioned in the picture in front of you are targets for the currency as they correspond to Fibonacci levels and also to the harmonic patterns drawn in front of you. We take into account that the descending wedge pattern is one of the strongest technical patterns for changing direction. The price is expected to now surge beyond the target of 110,000 for one currency unit within a price range that does not exceed three months, God willing. We also have a harmonic model that meets the conditions on the daily frame, which has interacted positively, and we are waiting to achieve the targets of the stronger model within this condition, and the last target corresponds to the Fibonacci school and price clusters, which is at 129,000.