Bitcoin: Rising Wedge Formation
The Rising Wedge Formation in Bitcoin has already broken down, confirming the bearish signal. The price has broken below the lower trendline, and a further decline is likely.
📌 Target: 73,727 USD
📉 The breakout below the lower trendline suggests a continuation of the downward movement towards the target of 73,727 USD.
The price has now broken through the lower trendline, confirming the bearish pattern.
Volume increased during the breakdown, supporting the move.
Watching for further price action to confirm the downtrend.
📊 I will continue to monitor this move and update as needed based on market conditions.
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