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Bitcoin (BTC) Could Soon Target $32K If Technicals Align

Published 06/08/2023, 10:05
Updated 06/08/2023, 10:15
© Reuters.  Bitcoin (BTC) Could Soon Target $32K If Technicals Align
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  • Adrian Zdunczyk pointed out a falling wedge pattern that has formed on BTC’s daily chart.
  • Should the bullish falling wedge pattern highlighted in the tweet be validated, BTC’s price may look to rise to $32K.
  • At press time, BTC was worth $29,024.28 after its price dropped by 0.05%.

The founder of The Birb Nest trading community, Adrian Zdunczyk, pointed out a possible bullish chart pattern for Bitcoin (BTC) in a Twitter post published earlier today. According to the post, a falling wedge pattern has formed on the cryptocurrency market leader’s daily chart. If this pattern is validated, BTC’s price could rise in the following couple of days.

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