Bitcoin’s chart might look like it’s lining up for another leg higher, but seasoned traders aren’t buying it—yet. While falling wedges are traditionally bullish patterns, respected chartist Xanrox is raising a red flag: context is everything.
Rather than forming at the bottom of a trend, where wedges tend to signal a fresh move higher, this one is appearing after a long rally. That, says Xanrox, flips the script. Instead of signaling strength, it could be masking exhaustion.
What’s more, Bitcoin is still trading under every major moving average on the daily chart—the 20, 50, 100, and 200-day lines.
That’s not a great look for bulls. To Xanrox, this wedge looks less like a launchpad and more like a setup for disappointment.
Big Players Might Be Luring You In – Bitcoin’s Next Move
Zooming out from the chart, there’s another layer to consider: market psychology. In thin liquidity conditions, institutions and whales often rely on what retail traders do next. And wedge breakouts are a great trap.
Here’s how it works: A sudden push higher breaks through a resistance level. Retail traders jump in, FOMO kicks in, and long positions pile up. Then—boom—the market reverses, sweeping stop losses and leaving institutions with the liquidity they need to fill large orders without pushing prices too far.
Sound familiar?
Red flags to watch for:
- Price is still trapped below all key MAs
- Volume spikes, but momentum doesn’t stick
- Momentum indicators flash bullish, but follow-through is weak
So, What’s Really Going On? – Bitcoin’s Technical Outlook
At the time of writing, Bitcoin is trading around $88,100, having cleared both a descending wedge and a bullish ABCD formation. The MACD is tilting upward, and on paper, everything looks set for a breakout.
But here’s the catch: Unless BTC holds above $88,200, it’s too early to celebrate. A dip back below $86,900 could flip the mood fast—possibly dragging price toward the $81,000–$82,000 range, which also happens to be a historical accumulation zone.
Trade Setup to Watch:
- Alt Entry: Buy dip at $87,200 if support holds
- Bullish Entry: Above $88,200 on strong candle + volume
- Target: $89,200
- Stop Loss: $86,900
Bottom Line: Be Smart, Not Swayed
Yes, Bitcoin’s setup looks tempting—but it might also be bait. Without strong volume and confirmation, what looks like a breakout could easily turn into a trap. This is a market where whales move quietly and retail often gets caught reacting.
Sometimes the best trade is the one you don’t take—at least, not until the price proves it’s serious.
BTC Bull Presale Crosses $4.82M as Staking Yields Hit 85%—Next Price Hike Near
With Bitcoin hovering around the $85,000 level, investor interest in BTC Bull Token ($BTCBULL) continues to grow. The Ethereum-based meme coin has now raised $4,827,870.94 out of its $5,550,445 presale target, leaving just a small window for new buyers to lock in tokens at the current rate of $0.00247.
What makes BTC Bull stand out is its real utility: every time Bitcoin hits key price milestones, $BTCBULL holders receive airdropped rewards in real BTC. This unique feature has attracted crypto-native investors looking to align their meme coin exposure with actual Bitcoin upside.
Stake BTCBULL for 85% APY + Real Bitcoin Rewards
BTC Bull’s high-yield staking program remains a top driver of demand. Investors can earn 85% APY by staking their $BTCBULL tokens and still retain the ability to unstake at any time—offering both yield and flexibility. The staking pool has already surpassed 1.23 billion tokens, showing strong community participation ahead of the token’s exchange debut.
Staking Snapshot:
- Annual Yield: 85% APY
- Total Staked: 1,235,352,755 BTCBULL
- Unstake Anytime: Yes
Whether you’re a long-term holder or a passive earner, this dual-reward structure enhances the token’s appeal beyond just meme coin hype.
Latest Presale Stats:
- Token Price: $0.00247
- Raised So Far: $4.80M of $5.55M
With limited time remaining and demand accelerating, this is a key window to secure BTCBULL at presale rates before the next price jump.
The post Bitcoin’s ‘Falling Wedge’ Pattern Might Not Be Bullish — Here’s the Price Target Bears Are Eyeing appeared first on Cryptonews.
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