Bitcoin is currently trading at $31,000, and the technicals are painting a bearish picture. It's retesting the broken rising wedge's downtrend line, indicating a potential downtrend continuation. If Bitcoin fails to break out above these wedge trend lines, we might see a further drop towards $20,000. Traders should keep a close eye on these key support and resistance levels. #CryptoAnalysis #Bitcoin #BTCPrice
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.