BTC Bears Eye $60K Following Today’s Sudden Drop: Bitcoin Price Analysis
The price has been forming a falling wedge pattern on the 4-hour timeframe. It recently tested the lower boundary of the pattern around the $65K zone.
A breakout above this well-known formation could initiate a rally toward higher prices and even a new all-time high. However, if it breaks down, the decline could be aggravated, and a flash crash toward $60K would be expected