Bitcoin price to see massive move to new all-time high if chart pattern plays out —Trader
A unique trading pattern projects a massive upward move for Bitcoin price within the next few months.
Bitcoin (BTC) price could see a massive upward move and enter price discovery if a bullish chart pattern known as a descending broadening triangle is confirmed, according to a crypto trader.
“#Bitcoin is moving within a Descending Broadening Triangle,” crypto Post Trader Tardigrade explained in an Aug. 12 post on the X social media platform.
The analyst was referring to Bitcoin’s year-to-date price action on a two-week chart timeframe, which had formed a descending broadening wedge.
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Author: Nancy Lubale
