$BTC Bitcoin at a Crossroads:
Breakdown or Valid #FallingWedge
Over the past two days,
#BTC formed a symmetrical triangle that was broken to the downside. Since then,
price has failed to return inside the triangle โ typically a #bearish signal,
suggesting potential continuation toward the $115,700 โ $115,000 zone.
๐ While the volume on the breakdown wasnโt particularly strong, the structure still holds technical relevance for #CryptoAnalysis
Now, a falling wedge appears to be forming.
A confirmed return inside the triangle would validate this
and effectively invalidate the triangle, shifting bias to a more #bullish outlook.
๐ If that happens,
the upper boundary of the wedge becomes a key resistance zone,
and a breakout above it may trigger a potential upward reversal โ a scenario worth watching for active #CryptoTraders
๐ The next 24 hours will likely determine whether Bitcoin continues downward or reverses upward from this consolidation.
