$BTC Update: 12-Hour Chart Analysis

Bitcoin Bulls vs. Bears: A Dance on the Wedge

Bitcoin broke free from the falling wedge pattern with a slight deviation, hinting at a potential reversal. However, new data suggests a 12-hour bullish divergence may be forming, which could indicate a short-term dip before the real climb.

Here's what this means:

A potential final drop: The bullish divergence could lead to a downward move before a more significant upward trend. This creates a clearer picture for identifying a true reversal point.CME Gap on Monday? If the dip happens, we might see Bitcoin open above the gap left by the Chicago Mercantile Exchange (CME) on Monday, further strengthening the bullish case.

what are your thoughts? Bullish or bearish on this 12-hour timeframe?

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