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Bitcoin Forms Rising Wedge Pattern – Is BTC Primed For A Breakout Or Breakdown?

Bitcoin’s price is navigating a critical phase as it moves within a rising wedge pattern, a setup that often signals an impending breakout or potential reversal. With bulls attempting to sustain momentum, BTC remains on the verge of a decisive move that could either propel it to new highs or trigger a corrective downturn.

The market’s next direction hinges on whether buyers can push past resistance or if selling pressure forces a breakdown. As volatility looms, there is a high lookout if BTC’s uptrend will hold or if a sharp pullback is on the horizon.

Bitcoin Forms Rising Wedge Pattern – Is BTC Primed For A Breakout Or Breakdown?

Bitcoin’s price is navigating a critical phase as it moves within a rising wedge pattern, a setup that often signals an impending breakout or potential reversal. With bulls attempting to sustain momentum, BTC remains on the verge of a decisive move that could either propel it to new highs or trigger a corrective downturn.

The market’s next direction hinges on whether buyers can push past resistance or if selling pressure forces a breakdown. As volatility looms, there is a high lookout if BTC’s uptrend will hold or if a sharp pullback is on the horizon.

https://bitcoinist.com/bitcoin-rising-wedge-pattern/