# FallingWedge

343

Bitcoin Consolidates Around Support Zone, Forms Falling Wedge on 4-Hour Chart: Will BTC Hold or
1. Technical Analysis: Falling Wedge Pattern**
- **Falling Wedge Overview**: A falling wedge is a bullish reversal pattern that forms when the price consolidates between two converging downward-sloping trendlines. It typically indicates that selling pressure is weakening, and a breakout to the upside is likely.
- **Current Structure**: On the 4-hour chart, Bitcoin has been making lower highs and lower lows, but the slope of the support line is steeper than the resistance line, suggesting a compress

BTC0.33%

HOLD5.42%

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Assasin

02-09 09:05

BTC0.33%

HOLD5.42%

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# FallingWedge

Join 40M users in our growing community

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