3,086.27 $BTC BTC ($217,458,856) aggregated flows from miners to exchanges
Told you earlier today.More dump expected
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Msk1512
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Baisse (björn)#HotTrends #BTC #analysisreport
$BTC is currently forming a small rising wedge on lower timeframes, a pattern often indicating a potential downward break. The crucial support level to monitor lies at $69k-$70k.
Here's the breakdown:
Wedge Pattern: Signifies a possible trend reversal, with price squeezed between converging lines.
Downward Break: Rising wedges commonly result in downward breaks, so caution is advised. ⚠️
Support Zone: The $69k-$70k range could act as a stronghold if bulls maintain dominance. 🟢
Upward Trend: Sustaining above support could extend the rally, signaling a bullish scenario.
Is this a Bull Trap or a Genuine Breakout?
$BTC is currently forming a small rising wedge on lower timeframes, a pattern often indicating a potential downward break. The crucial support level to monitor lies at $69k-$70k.
Here's the breakdown:
Wedge Pattern: Signifies a possible trend reversal, with price squeezed between converging lines.
Downward Break: Rising wedges commonly result in downward breaks, so caution is advised. ⚠️
Support Zone: The $69k-$70k range could act as a stronghold if bulls maintain dominance. 🟢
Upward Trend: Sustaining above support could extend the rally, signaling a bullish scenario.
Is this a Bull Trap or a Genuine Breakout?
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