BTC is trading at approximately $103,987, having recently broken out of a descending broadening wedge pattern that had persisted for over six months. This breakout signals a potential shift in market sentiment from consolidation to bullish momentum.
The breakout from the descending broadening wedge is a bullish indicator, suggesting that the prolonged consolidation phase may be ending. However, RSI is above 70, indicating that BTC is in overbought territory, which could lead to short-term corrections. follow@Konni-Will for more content
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