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Currently, BTC is trading in a Rising Wedge (Rising Wedge) pattern. The chart clearly shows that the price is hitting the upper resistance level.
⭕ Possible scenario: If the price breaks down through the wedge, it could move towards the CME GAP at around $88,000 - $92,000 range.
⭕ It can bounce back from there and make a significant upward move.
⚠️⚠️ Please note:
If the resistance breaks, a new high may come. However, the possibility of a CME GAP fill cannot be ruled out.
🛑Warning: This is not financial advice. Trade at your own risk.