Currently, BTC is trading in a Rising Wedge pattern. It is clearly visible on the chart that the price is hitting the upper resistance level.
⭕ Potential Scenario: If the price breaks down from the wedge, it may head towards the CME GAP (approximately in the $88,000 - $92,000 range).
⭕ From there, it could bounce back and make a significant upward move.
⚠️⚠️ Please note:
If it breaks the resistance, a new high could come. However, the possibility of the CME GAP filling cannot be ruled out.
🛑 Caution: This is not financial advice. Trade at your own risk.
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