Wedge patterna usually require 5 touch points to confirm the pattern. Which, officially, Bitcoin has done.
This upward wedge means revearsal for a bear market, while a downward wedge means reversal for a bull market.
We are still inside this wedge which means even though this pattern is hypothetically confirmed on BTC, we could either see a rally up through the wedge until it finally breaks, or we may even break now into the end of March if BTC continues sideways.
This pattern overall suggests that we are likely to see an early top for BTC if the pattern confirms in the next few weeks, otherwise there's still room for a late 2025 top for BTC even with the upward bearish wedge in play.
This upward wedge means revearsal for a bear market, while a downward wedge means reversal for a bull market.
We are still inside this wedge which means even though this pattern is hypothetically confirmed on BTC, we could either see a rally up through the wedge until it finally breaks, or we may even break now into the end of March if BTC continues sideways.
This pattern overall suggests that we are likely to see an early top for BTC if the pattern confirms in the next few weeks, otherwise there's still room for a late 2025 top for BTC even with the upward bearish wedge in play.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.