#Bitcoin is currently trading within a descending broadening wedge, with the price holding above the MA ribbon support.

The hash ribbons have also printed a buy signal.

The short-term pullback in BTC resembles the last instance when the ribbons turned green.

The price dipped immediately after, followed by some consolidation and a nice V-shaped recovery.

As long as price is holding above $60,000 dips are for buying. 🤝