BTCUSD H1 Analysis – Ascending Wedge Breakdown Setup

Wait 5 sec.

BTCUSD H1 Analysis – Ascending Wedge Breakdown SetupBitcoin / U.S. dollarBITSTAMP:BTCUSDenwemadufranklyn1989BTCUSD H1: Price is forming an ascending wedge after a strong rejection from the 65,800–66,900 supply zone. The structure currently looks corrective rather than impulsive. A break below wedge support could trigger liquidity below recent higher lows and open the path toward 62,500, 61,500, and potentially 60,000–59,100. Bulls need a strong reclaim above 65,000 to invalidate the bearish outlook.