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Technical analysis by Juliia about Symbol BTC: Buy recommendation (12/12/2025)

https://sahmeto.com/message/3978569
Juliia
Juliia
Rank: 129
3.2

BTC market snapshot

Buy
Price at Publish Time:
$92,222.77
Buy،Technical،Juliia

We’re seeing a clearly formed rising wedge on BTC — a continuation pattern — with a target around 80K. Rising Wedge in a Downtrend — Key Rules ▪️ Context: only valid when it forms after a decline. ▪️ Both trendlines slope upward, but the upper one rises more slowly → wedge narrows. ▪️ Volume decreases as price climbs. ▪️ The advance is weak and shallow — a “crawling” uptrend. ▪️ Breakouts occur downward most of the time, with volume expansion. ▪️ Target: the height of the wedge projected downward from the breakdown. ▪️ Strong confirmations: divergence + retest of the upper trendline. We also have strong local resistance at 93,500. According to Thomas Bulkowski’s statistics: Rising Wedge in a Downtrend — Performance — Downward breakouts: ~72–78% — Hitting the measured target: ~55–65% — False breakouts to the upside: ~20–25% A breakout above 93,500 would give a chance to invalidate the bearish structure and open the path toward 106K. For now, I’m maintaining a long-term bullish bias.

Source Message: TradingView
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