BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT


A falling wedge is a bullish chart pattern that is formed when the price of an asset is trading within a narrowing range, with lower highs and lower lows. This pattern is typically seen as a sign of a potential trend reversal, as the price is consolidating and preparing for a breakout to the upside.

BTC is currently trading within a falling wedge pattern, it may indicate that the price is preparing for a bullish breakout. However, it is important to note that technical analysis is not always accurate and should be used in conjunction with other forms of analysis and research.
Target : 27300

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.