Most of the last trading week provided another meaningless procedure in the Bitcoin (BTC) market subject to constant unification. While the leading cryptocurrency registered in the price of prices on March 20 to restore the price area of $ 87,000, the sale of pressure was forced to return to less than 84,700 dollars, and resumed a side movement. Meanwhile, the Bitcoin price movement has created over the past few months a bullish pattern that hints a great outbreak of prices.
Bitcoin is a wedge that indicates another major march- how can BTC fly?
in Modern job On X, the digital assets market analyst with Mister Crypto username provided some biological ideas in the Bitcoin market based on the continuing plan and historical price data. According to Mister Crypto, the price of Bitcoin appears to be a decrease, indicating a possible increase in prices when completed. Fallen wedge is a familiar bullish pattern in technical analysis, which consists of two lines of approximately due to price procedures that make up its highest levels and below their lowest levels. Usually it indicates that the declining momentum weakens and can start bitcoin in a continuous upward trend after the outbreak of the upper direction line.
Interestingly, Mister Crypto notes that Bitcoin has constantly witnessed strong prices marches in the wake of the previous formations from a decrease as a decrease as shown in the above chart. It is worth noting that there are three distinguished cases in the past two years, as the first cryptocurrency has increased for 54 days on average, as it reached a average profit of 67.5 %. Given the previous periods and the gradual increase in price increase, Bitcoin can increase by 77 % on a certain outbreak of its current wedge, indicating the presence of a strong upward market in the majority of Q2 2025.
Investors transport 10,000 BTC with high market confidence
In other news, the famous market analyst Ali Martinez Reports A continuous increase in bitcoin exchange flows despite the current uncertainty in the market. Using data from Cryptoquant, Martinez notes that investors have transferred 10,000 BTC at a value of $ 842.9 million from encryption exchange to the portfolio of personal decentralization.
This development is strongly optimistic because it indicates an increase in market confidence in prices, as investors choose to maintain their assets instead of selling.
At trading time, Bitcoin is trading at $ 84.309, which reflects a 0.14 % price loss in the past 24 hours. Meanwhile, the main encryption assets decreased by 0.39 % on the 7 -day chart with a continued unification. BTC should be decisively broken from $ 84,700, and avoid any restoration to confirm any intention of the upward arrangement. However, the other immediate resistance will be at $ 86,800 and 90,774 dollars.
