Bitcoin’s Falling Wedge Pattern Breakout—Next Stop: $100K?
2025-02-13
Category: None

Bitcoin ( BINANCE:BTCUSDT ) started to fall after  US indices(Core CPI m/m_CPI m/m_CPI y/y)  were announced but rose again.  One of the reasons  for the rise of Bitcoin in the  previous minutes was Trump's speech , which talked about negotiations with  Russia ." Trump: Putin and I agreed to have respective teams start negotiations immediately ."= The possibility of the  end of wars , in general, can increase investment security. 

After several attempts to break the  Support zone($96,520-$95,720) , Bitcoin  failed  to break this zone and  created a Fake Break .

 Bitcoin  is above the  Support zone($96,150-$94,760)  and near the  upper lines of the Falling Wedge Pattern .

Regarding  Elliott wave theory , Bitcoin seems to be  completing the Double Three Correction(WXY)  as the  main wave X  was  completed minutes ago .

I expect  Bitcoin  to break the  upper lines  of the  Falling Wedge Pattern  soon and rise to the  Targets  I specified on the chart.

 Note: If Bitcoin goes below $93,800, we have to wait for an attack on the Heavy Support zone($93,300-$90,500), and there is a possibility of a heavy fall in this situation. 

 Do you think the Falling Wedge Pattern will eventually increase Bitcoin? 

 Please respect each other's ideas and express them politely if you agree or disagree. 

Bitcoin Analyze (BTCUSDT), 1-hour time frame.

 Be sure to follow the updated ideas. 

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

 Please do not forget the ✅'  like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.