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<ul class="news-points"> 
 <li><strong>Adrian Zdunczyk pointed out a falling wedge pattern that has formed on BTC’s daily chart.</strong></li> 
 <li><strong>Should the bullish falling wedge pattern highlighted in the tweet be validated, BTC’s price may look to rise to $32K.</strong></li> 
 <li><strong>At press time, BTC was worth $29,024.28 after its price dropped by 0.05%.</strong></li> 
</ul> 
<p>The founder of The Birb Nest trading community, Adrian Zdunczyk,&nbsp; pointed out a possible bullish chart pattern for <a href="https://coinedition.com/tag/bitcoin-btc-news/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> 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, <a href="https://coinedition.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">BTC’s price</a> could rise in the following couple of days.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Falling wedge spotted <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fae3.png" alt="🫣" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/pNxsGF7Z4T" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/pNxsGF7Z4T</a></p>— Adrian Zduńczyk, CMT (@crypto_birb) <a href="https://twitter.com/crypto_birb/status/1687952046199066624?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 5, 2023</a> 
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Should the bullish falling wedge pattern highlighted in Zdunczyk’s tweet be validated, BTC’s price may look to rise to $32K in the following week. Before this can happen, however, the cryptocurrency’s price will need to overcome the $29.6K resistance.</p> 
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  <img decoding="async" src="https://www.tradingview.com/x/6WiUFAmc/" alt=""> 
  <figcaption class="wp-element-caption"> <em>Daily chart for BTC/USDT (Source: <a href="https://www.tradingview.com/x/6WiUFAmc/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)</em> 
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<p>On the other hand, failure to close a daily candle above the 9-day EMA line at $29,228 within the…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/bitcoin-btc-could-soon-target-32k-if-technicals-align/">Bitcoin (BTC) Could Soon Target $32K If Technicals Align</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

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

Coin Edition

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