78 Bitcoin Technical Analysis: $BTC in a Falling Wedge PatternBitcoin is exhibiting a notable bounce-back, remaining within a key technical range yet still inside the Falling Wedge pattern—often considered a bullish indicator. This Bitcoin Wedge Pattern is drawing attention among traders watching for a potential breakout. According to the latest Bitcoin technical analysis, the structure suggests growing bullish pressure that could soon lead to an upside move. For now, BTC price action remains within this narrowing formation, signaling a possible shift in momentum.Key Levels and PatternsCurrently positioned inside the yellow box, Bitcoin must breach the crucial $65,000 resistance level to confirm an upward breakout from this pattern. A successful breakout could propel the cryptocurrency towards a potential target of $95,000, reflecting a significant price appreciation.Read more News: 8 Years of HODLing Ethereum | Cryptocurrency Market Plunges | BTC USDT Technical Analysis Chart OverviewPotential ScenariosHowever, if Bitcoin fails to hold the support at the yellow line, the asset could see a retracement to lower levels, with $50,000 and $40,000 emerging as potential support zones. Based on current Bitcoin technical analysis, these levels are critical within the broader Bitcoin Wedge Pattern, which remains intact for now.ConclusionInvestors should monitor these key levels closely as they may signal the next major movement in BTC price action. Caution is advised, as the market remains volatile and technical patterns could quickly shift direction.#bitcoin#btc#altcoins#btcusdt#trading#cryptocrash#technicalanalysis#signals
