Bitcoin
Bitcoin’s drop to 70K was always a possibility if key support failed to hold. Right now, price action remains constrained within a rising wedge—a pattern that historically carries bearish implications. To shift momentum back in favor of bulls, we need a clean breakout and confirmation above resistance to invalidate this structure.
Until then, the market isn’t out of the woods yet. A decisive move is required to regain strength and push towards the next leg up. Stay sharp.
Until then, the market isn’t out of the woods yet. A decisive move is required to regain strength and push towards the next leg up. Stay sharp.
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.
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.