#BTC: DOES THE DOWNTREND END HERE??

Hey everyone!

Appreciate a like and follow if this analysis helps!

Welcome to this BTC update. BTC is trading inside a broadening wedge pattern in the daily time frame and is currently hovering near the lower trendline of the wedge.

Every time the price tested the lower trendline, it formed a new lower low but, the first time, it made a Lower high, hinting at a possible shift in momentum. This could signal the end of the downtrend and the beginning of a new uptrend.

A potential bullish outcome includes a new all-time high by the end of the year.

Invalidation: Daily close below the previous lower low.

What are your thoughts on BTC's current price action? Share your analysis in the comments!

#btc #Write2Earn!