Technical analysis by ceciliones about Symbol BTC: Sell recommendation (12/24/2024)

daily chart displays a ascending broading wedge pattern can notice obviously how price action going when touches the lower side of the patternYou'll notice a full absorption of the candle, with only a wick touching the lower part of the pattern.It's important to understand that the ascending wedge pattern is inherently bearish, often signaling a downward move. However, Bitcoin rarely gives you a clear short signal like this—it will likely liquidate all short positions first.What’s expected is a strong upward move in the coming days, followed by a drop. Bitcoin’s target for this correction is 85k.my analysis was bearish that's why all market bleeding now