$BTC pattern reached its target, here's what might happen next
As the consolidation period comes to conclusion, the market is seeing a rapid spike in the trading volume and volatility, which causes a swing up or a plunge down. In our case, the market decided to push BTC lower, causing it to drop to the July level.
is now moving without looking back at the formation that was present on the market for the last few weeks.Following the drop below the lower border of the wedge, Bitcoin has also plunged below the 50-day moving average, which means that the asset has returned to the deep downtrend and needs great support of investors to get back up.
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