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Repost from N/a
💰Bitcoin is currently consolidating within a falling wedge pattern, typically a bullish reversal signal. It's facing resistance at the wedge’s trendline and the 50MA.
Price may continue ranging within the wedge until a breakout occurs.A strong move above both the pattern and the 50MA would confirm a bullish trend and potentially set Bitcoin’s next major direction.
3 556
Repost from N/a
💰 $BTC Different stages this cycle. 👇
🟡Bitcoin's rallies have generally been fast with longer drawn out corrections in between.
🟡The current correction from top to now is taking about 2.5 months but is already in line with the same percentage loss as the 2024 correction. Both previous corrections took about 5 months total.
🟡It's clear that worldwide markets are yet again in a very unique situation which can accelerate or turn things around very quickly.
So stay disciplined and focus on the higher timeframe to not get chopped up❗
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Repost from N/a
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3 556
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