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.
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.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards. Over here we refer to users as lions, so are you ready to be a lion here is my referral link
Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform. Twitter:Hironakamura
Posted Using LeoFinance Beta
