03-02-2020 16:00 via newsbtc.com

Bitcoin Could Fall Hard, This Textbook Indicator Shows

Bitcoin’s dreamy price rally in 2020 could hit a dead end in the coming sessions, according to a bullish reversal indicator.
The benchmark cryptocurrency is forming a Rising Wedge pattern as confirmed by its price consolidating between upward sloping resistance and support. More data that confirms the Wedge formation is a faster establishment of lower highs than higher highs – and a drop in volume during the pattern’s formation.
Rising Wedge confirmed as bitcoin uptrend start c
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