Bitcoin

The renowned cryptocurrency analyst Jelle, better known as CryptoJelleNL, has identified an intriguing pattern in the Bitcoin market. According to Jelle, a falling wedge formation has emerged, indicating an imminent bullish breakout. With a projected target of $34,000, the cryptocurrency community eagerly awaits the resumption of the long-awaited bull market.In a recent tweet, Jelle shared insights on the falling wedge pattern in Bitcoin, projecting a $34,000 target, and anticipating a breakout:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ec841350e4ff430d97a43c7bd6a28d7e.png" />A falling wedge is a technical chart pattern characterized by a contracting price range between two converging trendlines. Typically, these wedges tend to break out before reaching their apex, leading to significant price movements. In this case, Jelle&#39;s analysis suggests that Bitcoin&#39;s current boring consolidation phase could be nearing its end, paving the way for a potential surge in value.Read full article at<a href="https://cryptotale.org/bitcoin-sets-to-break-out-of-falling-wedge-pattern-targeting-34000/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Bitcoin Sets to Break Out of Falling Wedge Pattern, Targeting $34,000

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