Bitcoin shows a technical bearish signal despite positive momentum
Even with the recent appreciation, Bitcoin has formed a chart pattern known as a “descending triangle,” which may indicate a prolonged bearish trend if the current support does not hold. Technical analysts warn that if the price falls below $79,000, there could be a new wave of correction. On the other hand, the overall market sentiment is still positive, supported by recent political decisions. Caution, however, remains necessary for those trading in the short term.
