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Bitcoin Price: Bearish Reversal Possible After a Rising Wedge Formation
Bitcoin price looks weak here as the market struggles to find the strength to move above $60k. The crypto community had a hard time over the weekend as the Dogecoin was hit hard by Elon Musk‘s remarks on the Saturday Night Live show. His remarks that Doge is a “hustle” had an immediate impact on the cryptocurrency, sending it lower by 30% before recovering some of its losses. The weakness did not transmit to the Bitcoin price, but the main cryptocurrency keeps struggling at the $60k level. However, bears should be cautious. Even though Bitcoin forms a rising wedge pattern, or at least one pattern that looks ... (full story)
