Here's something worth noting about Bitcoin's current setup: yes, we're holding above that ascending trendline, which is encouraging. But here's the catch—rising wedges have a reputation for faking us out. They love breaking downward when everyone expects the opposite.
That said, if BTC does manage to punch through the upper boundary, we're likely looking at a move toward the 96.9K to 102.4K range. Just don't get too comfortable with one scenario. This pattern plays both sides.
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FloorPriceNightmare
· 19h ago
It's that old trick of upside fake out again... Someone always falls for it every time.
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OnchainGossiper
· 19h ago
It's happening again, it's the same rising wedge trick. How many people can be fooled this time?
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LiquidityWitch
· 19h ago
It's that rising wedge pattern again... Every time they say it will break out upwards, but it suddenly crashes down. We retail investors just become the bagholders, huh?
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SolidityStruggler
· 19h ago
It's the classic rising wedge trick again. Will it really break upwards this time?
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GamefiGreenie
· 19h ago
The ascending wedge thing is just a trick to fool people. When a bunch of folks are optimistic, they'll push the price in the opposite direction. Maybe this time is no different.
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FlashLoanLarry
· 19h ago
rising wedges r the market's favorite honeypot ngl... everyone's long & comfortable rn which is exactly when these things tend to rug downward lol
Here's something worth noting about Bitcoin's current setup: yes, we're holding above that ascending trendline, which is encouraging. But here's the catch—rising wedges have a reputation for faking us out. They love breaking downward when everyone expects the opposite.
That said, if BTC does manage to punch through the upper boundary, we're likely looking at a move toward the 96.9K to 102.4K range. Just don't get too comfortable with one scenario. This pattern plays both sides.