Bitcoin is Ready to Take Off!
2024-08-07

Bitcoin technical analysis update

Yesterday  CRYPTOCAP:BTC  price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. 
We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K.

Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000.

Regards
hexa






