Bitcoin Bull Pennant / Falling Wedge Breakout

16 Apr

BTCUSDT recently broke out of a Bull Pennant / Falling Wedge, and seems to be retesting the resistance as support.

This follows two leading RSI signals:
• RSI downtrend breakout
• RSI bull divergence

Breakout Targets
• $115K — Falling Wedge measured move
• $130K — Pennant projection

Key Levels to Watch
• $72K — Main support + invalidation (former resistance + 0.618 Fib from 49K–109K)
• $91.5K — Prior support, now a key resistance to reclaim
• $109.5K — All-Time High

9 Mei

Nota

Wedge/Pennant playing out perfectly so far for BTC.

The next resistance is the $106k-$109.5k supply zone, and the targets remain the same:
• $115K — Falling Wedge measured move
• $130K — Pennant projection

28 Mei

Nota

BTC is attempting to break below its uptrend channel support.
If confirmed with a daily close, we could see a larger pullback to fill the unmitigated FVGs around ~$100k and ~$90k.