Technical analysis by theeonlydave about Symbol BTC on 7/28/2025

Bitcoin has formed a falling wedge pattern, the retest as already happened with two candles already closing and the third one currently forming. There is a possibility that it can form another retest before finally moving upwards and this would be the time to enter a buy position (119.223) and ride the move upwards all the way to 131.350 Alternatively one can wait to see whether price will move upwards and respect the resistance level and move downwards for a sell.