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by: xpoolPosted on: April 14, 2025

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.

Related posts:

  1. Bitcoin Price Near Death Cross: Potential Reversal Looms
  2. Bitcoin and Gold’s Price Movement: Can They Break Resistance at $83K and $3.2K?
  3. Altcoin Rally Potential? Crypto Market Signals Surge After Index Drop to 15
  4. Bitcoin’s Rising Wedge: Near $79K, Key Price Levels for Traders
Bitcoin Crypto Market Technical Analysis

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