Are you ready to attack? Bitcoin to make big move after massive consolidation
Bitcoin (BTC) is poised for a major breakthrough, according to prominent analysts. The world’s most popular cryptocurrency has been stuck in a consolidation phase for a record 87 days, but experts say the sleeping giant may be waking up with a vengeance. Related Read: Bitcoin Rises in Big Money: Whales Swallowing More BTC, Bullish Outlook Signals Course for a Chart Breakout Renowned cryptocurrency analyst Faibik has identified a technical pattern on the Bitcoin daily chart that hints at a potential explosion . Known as the Descending Broadening Wedge, this pattern often indicates price pressure preceding a significant breakout. Faibik believes that a surge above the important resistance level of $71,000 would be a strong bullish signal and indicate a possible reversal of the recent downtrend. The $BTC descending extending wedge formation is still playing on the daily chart.
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