Bitcoin / TetherUS
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ðŸ”Ĩ Bitcoin Successful Falling Wedge Break Out After CPI

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In my most recent Bitcoin analysis I talked about this falling wedge pattern and how I was monitoring a bullish break out, since falling wedges are classically bullish break out patterns. All previous targets hit, congratulations if you took the trade.

ðŸ”Ĩ Bitcoin Falling Wedge: Waiting For Break Out


With a bullish reaction to yesterday's CPI, I think there's more to this rally. I think there's a decent probability that the lows are in for the near-term and that we're going to see more bullish price action, potentially even targeting $25,000 and beyond. However, that's still too early to say.

Best case scenario would be a copy of the 2019 break out after the daily Golden Cross. See my analysis below.
Comparing The 2023 VS 2019 Golden Cross: Incoming Pump?


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All targets hit 😁ðŸ”Ĩ
Chart PatternsTechnical IndicatorsTrend Analysis

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