-
Analyst predicts impressive Bitcoin (BTC) breakout – price dips or surges next week?
The cryptocurrency market remained with less activity during the weekend, with slight price movements. Nonetheless, Crypto Rover, a renowned crypto analyst & trader, forecasts an impeding breakout for Bitcoin. The upside speculations come from the wedge setup on Bitcoin’s three-day chart. The wedge formation comprises converging support and resistance zones. The prices institute a new trend whenever it moves beyond the support or resistance while breaking the pattern. Nonetheless, traders should beware that this possible breakout could only present near-term relief – not continued rallies. While the analysis of ... (full story)