$BTC I recently saw a lot of people on CT posting about the falling wedge on BTC, but nobody talked about a potential price target.

Now that we’ve broken above the resistance and are still holding above it, the pattern has been validated.

However, it looks like we’ll get a retest of the breakout trendline, along with a key S/R level (grey box).

Both of these levels are around 62k, which has been a key level for months now.

If we see a bounce there, a bullish continuation is very likely and would point toward a price target of around 69k-70k.

However, if we break below and find acceptance back inside the wedge, this pattern is invalidated for now and no longer has any predictive value.