$BTC Ascending Broadening Wedge is Still in play on the Daily timeframe Chart..
As Bulls are still defending the Crucial Support 96k & According to Wedge I'm Still Expecting Bounce back from here..
Still I'm Bullish on Bitcoin & Expecting new ATH in coming weeks (Late Feb or Start of March)
#Crypto #Bitcoin #BTC
$2 billion was liquidated in 24 hours...
More than the COVID crash, more than the FTX collapse.
Yet, we all know what's next for #Bitcoin after a crash like this.
It's time to buy the dip.👇
#Bitcoin forming a bullish continuation pattern?
BTC has held strong above $91K support despite multiple tests.
The price is currently in an ascending broadening wedge pattern.
This pattern can act as either a continuation or reversal pattern and can break either way.
However, as long as the lower support holds, the chances of an upside breakout look good.
The measured move target for the pattern is $138K.
$BTC [1D] - Hidden Bullish Divergence RSI:
+ Prices making Higher Lows (HL)
+ RSI making Lower Lows (LL)
Important levels structurally on lower timeframe:
$91.5k, $90.5k and $86.7k (HLs)
Hold the line bulls 🐂