Bitcoin’s Price Faces a Potential Turning Point: Rising Wedge Signals

Market analyst Ali has flagged a potential bearish trend for Bitcoin, highlighting the emergence of a rising wedge pattern on its daily chart. This pattern suggests that recent upward momentum may be waning, with a retest of the $79,000 support level looming as a possible outcome. Ali’s analysis, shared on X, underscores the growing tension between bullish sentiment and a potential technical reversal.