🚀🚀🚀Bitcoin price drops, offering cheap purchasing chance before 20% upside🚀🚀🚀
Bitcoin price has been gently falling to test support.
BTC holders with 100–1000 are purchasing more.
Bitcoin price might rise 20% with a falling wedge formation.
Late or sidelined bulls might enter Bitcoin (BTC) around $61,000. Pioneer coin seems to have a 20% upside.
Standard Chartered expects bitcoin prices to rise due to lighter regulation and US spot ETFs.
Bitcoin price movement is dropping in a wedge. Featuring two converging trendlines that slope downward as they reduce the price range, this technical pattern is pushing holders with 100–1000 BTC to purchase more.
New buyers are few, and “hodlers” don't see this cycle finished. The market may grind between the specified trading range.
The entities may acquire additional Bitcoin during price drops to diversify their portfolio or average down their cost base. Over time, this method might lower their average buying price.
BTC ETFs continue to influence and accelerate market activity. Wintermute, a prominent worldwide algorithmic trading business in digital assets, will expand heavily in Asia, particularly Hong Kong.
Wintermute, OSL, and HashKey will offer liquidity for Hong Kong's new spot BTC and Ether ETFs via a strategic cooperation.
Wintermute's engagement attempts to attract institutional and ordinary investors by improving market liquidity, which ETFs need.
Bitcoin price might rise 20% if it breaks out of its falling wedge formation. According to momentum indicators, BTC may fall further before filling the bullish reversal technical shape.
Bitcoin price might fall to $60,660 or below, offering another purchasing opportunity around $50,000.
If $60,660 holds as support, Bitcoin price may rebound here before breaking above the pattern's top trendline. A definitive candlestick close above $63,871 after the breakout might trigger a 20% upsurge to the falling wedge profit objective at $76,166.
Bitcoin may reclaim $73,777 in a positive scenario.
