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

The largest digital currency in the world traded last week between $83,200 and $86,000, in an attempt to stay close to the $85,000 level, but this consolidation may be misleading.

Experts indicate that there is a high likelihood 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 quick optimism without careful 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, but is a tool to help make informed decisions.

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