BTC/USD (H4) — Bullish Reversal Setup
Bitcoin is currently showing signs of a potential bullish reversal after reaching a key support level around the $108,000 zone.
The price has formed a falling wedge pattern, which typically signals a trend reversal once a breakout occurs.
Key observations:
🔹 Support Level: Strong demand zone around $108,000 has held multiple times.
🔹 Falling Wedge: Market compression indicates sellers losing momentum.
🔹 Order Block: A key resistance area lies between $113,000–$114,000.
🔹 Target: Once price breaks above the wedge and reclaims the order block, the next target sits near $114,347.
Bias: Bullish
Target: $114,347
Timeframe: 4H (Medium-term outlook)
Invalidation: A 4H close below $107,800 would negate this bullish setup.
Bitcoin is currently showing signs of a potential bullish reversal after reaching a key support level around the $108,000 zone.
The price has formed a falling wedge pattern, which typically signals a trend reversal once a breakout occurs.
Key observations:
🔹 Support Level: Strong demand zone around $108,000 has held multiple times.
🔹 Falling Wedge: Market compression indicates sellers losing momentum.
🔹 Order Block: A key resistance area lies between $113,000–$114,000.
🔹 Target: Once price breaks above the wedge and reclaims the order block, the next target sits near $114,347.
Bias: Bullish
Target: $114,347
Timeframe: 4H (Medium-term outlook)
Invalidation: A 4H close below $107,800 would negate this bullish setup.
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