Bitcoin / TetherUSUpdated Bitcoin trading in an ascending wedge
In the first wedge, we had a descending one, which you can see, it led to a minor upwards movement. Now, we are witnessing the formation of an ascending wedge, which makes me feel short-term bearish. Another pullback for BTC would be very healthy for the bull trend in the long-term, as the halving event is getting closer.
Note
Broke out upwards. Really unexpected. Let's wait till the end of the day to see if this wasn't a fakeout
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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.