Analysts warn that the descending wedge pattern appearing on the #Bitcoin chart may not be as bullish as some believe, but could be a trap for market whales!

The largest cryptocurrency in the world was trading last week between $83,200 and $86,000, in an attempt to stay close to the $85,000 level, but this consolidation could be deceptive.

Experts indicate that there is a significant possibility of the price dropping to $67,000, especially if the current support is broken amid intense selling pressure from large investors.

Therefore, investors are advised to be cautious and not to get swept away by waves of rapid optimism without a thorough analysis of technical and market data.

The market is currently in a sensitive position, and any significant move could be crucial in determining the direction for the upcoming period.

Beware of pump and dump schemes and be aware that technical analysis does not guarantee profit; it is a tool to assist in making informed decisions.

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