The Trajectory of BTC is quite simple

26 Jun 2023

BTC has been trading within a well-defined falling wedge pattern since reaching its all-time high (ATH). In December 2022, it successfully broke out of this pattern and has since been displaying a clear upward movement within a channel. Throughout its history over the past three years, BTC has established distinct levels of support and resistance. The volume has shown strength since reaching ATH, indicating a significant market interest. The price action is displaying a beautiful trajectory, indicating a move towards the upside. It is reasonable to anticipate the 38-40k level to be reached sooner rather than later. Please note that this information is not financial advice.