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Bitcoin Technical Analysis | Nearing $21000 Mark

 

Today, we’ll be reading about the very first cryptocurrency Bitcoin, BTC price action forms a falling wedge pattern near the $20K mark teasing a bullish breakout with the potential to reach the $21,875 mark.

The BTC Prices maintain a declining trend, leading to a bearish wedge pattern in the daily chart. Currently, the bull cycle within the bearish pattern increases the possibility of a bullish breakout with the support of the technical indicators. So, should you consider buying Bitcoin at the $20K mark?

Well, to know this answer watch this entire video till the end to learn more about the upcoming trend in BTC,  but before that don’t forget to hit the subscribe button!

So, let’s read the key points of this analysis and see where it takes us.

 

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