Bitcoin (BTC) on the move road to $80K

I'm sure many people have been awaiting a strong indication/confirmation for BTC to soar to greater heights this bull run.

I think we might have just got it

Everything I continue to mention regarding the buying or selling of this digital asset is not financial advice and I would advise you to do you own research.
Lets break down the chart

It is key to understand the state of the market at the moment to understand where we possibly could be heading to.

In February 2024 BTCUSD made an impressive impulsive move reaching as high as 73K
This was followed by a healthy relief or pullback, rejecting at 3 different incidents around the 52K region.
As of this snapshot, it had broke out of the descending trendline and escaped the wedge.

This chart pattern is known as a falling wedge pattern and is a sign of continuous movement of price.

We were aware that around 52K there would be an strong area of rejection as shown in the image just underneath (a) we have an institutional candle present.

We can see a very strong rejection candle just above (b) (Notice how long this wick is and the direction it closed).

At (c) we get a more definitive confirmation as price had broke the long awaited 60K region displayed in white and retested following another long wick rejection.

These indications and conformations from this technical analyse suggest there is still more bullish movement ahead. My price target is for short term is just under 80K

Remember you can easily play this game even if you are a noob !!