The ascending wedge pattern of Bitcoin has been confirmed to break down, indicating that the wedge trend has been disrupted. Although Bitcoin has experienced significant fluctuations recently, with some volatility in the pattern, the overall price remains within a range. A substantial trend reversal still requires patience. However, it is expected that the direction will become clearer by the end of this month.


Bitcoin has been effectively defended at the key support level of 85,000, and related technical indicators have also been restored. Therefore, in the short term, investors should focus on the 85,000 support level and the 89,500 resistance level.
#BTC #ETH #BNB
BNB1.35%
ETH1.6%
BTC0.96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)