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Bitcoin’s Breakout From Falling Wedge: Will It Lead to a Major Rally?

  • Bitcoin and Ethereum bounced off crucial 4-hour 200 MA/EMA levels, suggesting bullish market support.
  • Bitcoin consolidates above $100K amid cautious market sentiment, awaiting direction for its next move.
  • BTC hints at a potential rally after breaking a falling wedge pattern, but uncertainty remains about retesting the breakout zone.
  • Market observers are closely monitoring Bitcoin's price movements for signs of a strong rally, with a focus on maintaining support above $100K.

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