$BTC Price Forecast ๐- Bitcoin (BTCUSD) has shown strong bullish signals at the bottom of the recent downtrend. Here's the technical breakdown:
๐น Double Bottom Formation: A classic reversal pattern has formed, and price has broken above the neckline, signaling bullish momentum.
๐น Major Breakouts:- Cleared a strong resistance zone- 200 EMA breakout confirms trend reversal- Retraced to key demand zone, respecting the descending channel
๐นEMA Confirmation: Price retraced perfectly back to the 200 EMA, now acting as dynamic supportโadding confluence to the bullish bias.
๐ Technical Target Levels:๐ฏ $88,500๐ฏ $94,000๐ฏ $98,300๐ฏ $105,400 (Final target for this wave)These levels are based on measured move targets from the double bottom pattern and Fibonacci extensions.โ Like, ๐ฌ Comment your thoughts, and ๐ Follow for more updates as we grow together in this trading journey!
