Bitcoin is currently exhibiting a rising wedge pattern, a technical formation often considered bearish in nature. This pattern suggests that the price of Bitcoin may experience downward pressure in the near future
If Bitcoin maintains its adherence to this pattern, it is likely that we will witness further downward movement in its price.
For a bullish reversal to materialize, Bitcoin must successfully close a daily candle above the crucial level of $27,200.
A decisive breach beyond the $27,200 level can propel the price toward $29,000.
Crypto News.
How one high-profile crypto exchange is planning to expand globally.
Bitcoin analysts flag key BTC price points as bulls cling to $26K.
JPMorgan subsidiary Chase UK to restrict crypto transactions.
Taiwan bans unregistered foreign crypto exchanges from operating.
B𝐞𝐚𝐫𝐢𝐬𝐡 𝐬𝐢𝐠𝐧𝐬:
BTC lost 200 Day EMA
BTC DeathCross
SEC Chokepoint 2.0
Vitalik selling ETH
Saylor buying Bitcoin
September is BEAR month
Low Cap pump and dump
UK Exit by Exchanges
Defi and CEX Hacks
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Thanks