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Welcome to this BTC update. In my previous BTC post, I showed you that BTC is forming an inverse head & shoulder pattern and we got the breakout but it didn’t go according to the pattern. This is just because everyone is talking about the same pattern ( Inverse H&S ) and market makers never want that more than 90% of people are right so they manipulate the price action. So we have to be extra cautious at this time.

Now let’s get to the chart.

BTC is forming a rising wedge-like pattern in 4hr time frame. The direction of the breakout will decide the next move of BTC . If BTC breaks out (Break and close above $31.5k) from this wedge then our target is $35k or if BTC breaks down (Break and close below $29.5k) from this wedge then our target should be $26k

Let’s wait for the breakout or breakdown then we will decide our next move.

What do you think about this?
Do you think we go to $35k from here or $26k?
Share your views in the comment section.

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Thank You!