BTC/USD: Rising Wedge Breakdown Confirms Bearish Trend
BTC/USD: Rising Wedge Breakdown Confirms Bearish Trend
A rising wedge pattern had formed on the BTC/USD chart, but it has now broken down, confirming a bearish trend. The breakdown suggests a potential reversal of the recent uptrend, with a falling market likely to follow.
Key Points:
- Rising wedge breakdown indicates a bearish trend reversal
- Support levels have been breached, confirming the downtrend
- A falling market is expected, with a potential target at $98,000.
Best Wishes Tom 😎
A rising wedge pattern had formed on the BTC/USD chart, but it has now broken down, confirming a bearish trend. The breakdown suggests a potential reversal of the recent uptrend, with a falling market likely to follow.
Key Points:
- Rising wedge breakdown indicates a bearish trend reversal
- Support levels have been breached, confirming the downtrend
- A falling market is expected, with a potential target at $98,000.
Best Wishes Tom 😎
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