List of Flash News about Bitcoin chart pattern analysis
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2025-06-15 10:14 |
Bitcoin (BTC) Ascending Broadening Wedge Signals Potential Surge to $170k: Key Chart Pattern Analysis 2024
According to @CryptoTechnical, Bitcoin (BTC) has been trending upward in an ascending broadening wedge pattern for several weeks, indicating significant bullish momentum in the current market structure. This chart pattern, observed on the weekly timeframe, is historically associated with increased volatility and potential for large upward price movements. Traders are closely watching resistance and support levels, as a confirmed breakout above the upper trendline could signal a rally toward the $170,000 level. This technical setup has garnered attention from both swing traders and long-term investors, with implications for overall cryptocurrency market sentiment. (Source: @CryptoTechnical on Twitter) |