A widening falling wedge pattern could have implications for BTC’s price in the short and long term.
- After a 20% monthly fall, BTC’s price appreciated by 2% in the last 24 hours
- Most metrics suggested that BTC would remain bullish in the short-term
Bitcoin’s [BTC] price has been falling on the charts for several weeks now. 6 July was an exception though, with the crypto managing to stay green.
However, its insignificant 24-hour recovery was not comparable with cryptos that registered double-digit percentage hikes over the last 24 hours. That being said, the world’s largest cryptocurrency might soon turn a corner.
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