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Warning Sign On Bitcoin’s Chart: ‘Rising Wedge’ Points To Potential Pullback

Amid a period of record-breaking highs, Bitcoin’s (CRYPTO: BTC) technical analysis indicates a possible downturn. A classic bearish configuration on the cryptocurrency’s price chart has caught the attention of market analysts, hinting at a potential reversal of the recent bullish trend. What Happened: A bearish pattern known as a “rising wedge” has been identified on Bitcoin’s price chart, suggesting a potential pullback could be on the horizon, CoinDesk reported on Thursday. Bitcoin has experienced a significant rally, climbing from $60,000 to record highs above $70,000 in under two weeks. Ho…

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