🚨 Bitcoin Update 📈 Breakout & Now Retesting!
As seen on the 2-hour chart, $BTC is trading within a descending broadening wedge, which is a bullish pattern.
$BTC has already broken above the pattern and is currently retesting. If the retest holds and Bitcoin bounces, the breakout will be confirmed, allowing us to target the $75,000–$80,000 range.
The key support to watch is between $68,000 and $67,000. Bitcoin needs to hold above this level; otherwise, the retest will have failed, and the move will be considered a fakeout.
Let’s see! 👀 Do you think this is a real breakout and we’ll soon reclaim the $80,000 level, or is it just a fakeout trap?