Bitcoin (btcusdt) → Two Key Scenarios After Wedge Breakout

28 Sep 2024

hello guys.

Bitcoin has broken out of a descending wedge, signaling potential bullish momentum. The price is hovering near the $66,500-$67,000 resistance, with two possible scenarios:

Scenario 1: Immediate Breakout

• Target: $75,000-$76,000
  
• Path: A clean break above $67,000 could trigger a strong rally toward the $75,000-$76,000 zone, continuing the bullish momentum from the wedge breakout.
  

Scenario 2: Pullback Before Rally

• Target: $58,000 (correction) → $75,000 (rebound)
  
• Path: If Bitcoin fails to break $67,000, a pullback to $58,000 is likely. This could act as a support base, after which a rebound might drive the price back toward the $75,000 target.

Both scenarios are bullish, with the primary difference being whether Bitcoin rallies immediately or after a corrective dip.

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2 Okt 2024

Nota

scenario 2 is running