Bitcoin Breaks Out of Falling Wedge : Ready for a New Rally?

#FALLINGWEDGES #FallingWedge #Bitcoin❗ #BinanceSquareFamily #Write2Earn!

Bitcoin is showing strong signs of growth, with expectations to hit **$63,500-$64,000 USDT** in the short term. Several factors indicate a potential price surge :

Key Points :

1. Falling Wedge Breakout : Bitcoin has broken out of its falling wedge pattern, signaling the end of the downtrend.

2. Elliott Wave Pattern : The **WXYXZ corrective pattern** has completed, further suggesting a shift toward upward momentum.

3. Fair Value Gaps : Bitcoin has created **two Fair Value Gaps (FVG)** above the current price, which typically get filled quickly, hinting at imminent bullish action.

4. 200 1H MA : Although Bitcoin has broken above the **200 1H moving average**, a retest is likely, offering further confirmation of an uptrend.

5. October Advantage : Historically, October has been highly profitable for Bitcoin, providing a **statistical edge** for growth this month.

Conclusion :

Bitcoin is poised for a bullish run, supported by the falling wedge breakout and favorable technical indicators. Traders should be prepared for potential gains up to **$64,000 USDT**. With **Bitcoin Dominance (BTC.D)** rising to **60%**, we may see an **altcoin season** soon after!