Sign in Subscribe

Live Feed

Bitcoin (BTC) Eyes Record High Above $126K With 'Bullish Wedge'

Bitcoin's price has recently fallen from $126,000 to around $106,000, forming a bullish falling wedge pattern. This pattern indicates a potential price rally as market selling pressure eases and prices consolidate within a tighter range. A breakout above the wedge, currently between $106,000 and $107,000, could signal a recovery towards the previous high of $126,000, possibly leading to new records fueled by improving market sentiment. However, traders should be cautious, as falling wedge patterns can fail, and a drop below the crucial $100,000 support level might prompt a deeper correction towards $90,000. Analysts recommend monitoring price action and volume closely to confirm the bullish setup.

Source 🔗

Read next

BONK Declines 5% to $0.00001223 as Resistance Holds and Volume Surges 48%

BONK fell 5% to $0.00001223 after failing to break significant resistance around $0.0000130. Trading volume surged nearly 50% above the daily average during this pullback, with volume reaching 813.46 billion tokens. The decline followed a brief rally attempt that was reversed under heavy trading activity, confirming resistance

BONK Falls 5% to $0.00001223 After Rejection at Key Resistance

BONK declined 5% to $0.00001223 after failing to breach resistance near $0.0000130, accompanied by a trading volume spike of 48% above the daily average during the pullback. The price tested support at $0.00001223 following a brief rally attempt that was quickly reversed amid increased trading activity. Technical

BONK Declines 5% to $0.00001223 as Resistance Holds and Volume Surges 48%

BONK fell 5% to $0.00001223 after failing to break through resistance at $0.0000130, with trading volume increasing by almost 50% during the pullback. This decrease followed a brief rally which was quickly reversed by a surge in trading activity. The volume peaked at 813.46 billion tokens, confirming