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BTC Price Analysis: Bitcoin Hits 3 Month High But Prints Bearish Rising Wedge, What’s Next?
Bitcoin price has finally broken out of its near 2 month range below $40,000. After nearly 3 months of boring downtrend, the bulls have awoken from their slumber & pushed BTC to nearly $50,000. The overall market has followed BTC’s lead as some alt coins have surged nearly 300% from their lows. After an $18,000 pump in 3 weeks, traders are wondering when a pullback will occur. It seems as if price has been losing steam the last few days which may indicate a short term pullback is near. This will allow BTC to continue rising in a healthy manner. Ever since the low of $29,000 was set, Bitcoin has surged nearly 70% ... (full story)
