BTC/USD: Rising Wedge Breakdown Confirms Bearish Trend
2024-12-18
Category: None

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 😎