BTC is currently trading inside a Rising Wedge pattern, and it's clear momentum to the upside has slowed considerably. This happened back before the September crash, as well as in April. Since Rising Wedge patterns have higher odds of being bearish, BTC may breakdown from here. It looks like it may have another week before completing the pattern.
3d art director and crypto hodler
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3d art director and crypto hodler
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.