BTCUSDT Forms a Falling Wedge, Indicating a Potential Breakout

RSI at 64.91 shows bullish momentum, while the stochastic oscillator confirms upward movement with a strong crossover.

BTCUSDT formed a Falling Wedge pattern, indicating a potential breakout. RSI at 64.91 shows bullish momentum, while the stochastic oscillator confirms upward movement with a strong crossover. The price encountered resistance at $98,508 and is targeting $101,217. EMA ribbon aligns bullish, supporting the uptrend. Sustained volume confirms the breakout validity, projecting further gains. The setup highlights bullish sentiment, with tight stop-loss placement ensuring risk management.

On the other hand, the USDT.D chart shows a breakdown from an ascending wedge, indicating bearish momentum for stablecoin dominance. RSI at 40.55 and stochastic declining confirm this. The BTCUSDT chart highlights a potential bullish breakout from consolidation with RSI at 64.79 and a stochastic bullish crossover. USDT.D dump suggests market liquidity moving to BTC, targeting $101,217.43 for BTCUSDT. A strong bullish trend is anticipated for BTC soon.

BTC/USDT liquidation heatmap reveals significant liquidation levels around $98,000-$99,000, signaling potential short-term resistance. However, sustained support below suggests accumulation. Short-term bearishness aligns with over-leveraged positions, while long-term indicators confirm bullish momentum. BTC targets $101,217.43.

Trade Details:

Entry: Around 97136.87 ( Join my Binance live for premium crypto signals )

1st Tp: 98508.28

2nd Tp: 99007.37

3rd Tp : 101217.43

$BTC #swap_crypto #BTC

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