A Falling Wedge Pattern Which Traditionally Is A Bullish Formation For Bitcoin

What are we expecting from the current bullish run for bitcoin, as the king crypto prints a new all time high since the bearish season which we experienced from February of last year. A crypto strategist is saying that there is a major shift which is waiting to happen for the king crypto, looking at the bullish position which the market is experiencing some couple of weeks now.

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In the analyst words he says that; we are now breaking the largest falling wedge in Bitcoin’s history. It stems back from 2021 to 2022 to 2023… We are starting to break out. We’ve got to, of course, get some daily and weekly closes above this trendline, but this could be a major paradigm shift for the price market of Bitcoin. And really, the most interesting part about this is if you take the falling wedge measurement for the target and you bring it over to the breakout zone, it exceeds $50,000.

That’s just what the textbook says… The largest falling wedge in Bitcoin’s history has a target of $50,000.

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