Bitcoin Bullish Formation As We See The Falling Wedge In Our Daily Trading Chart

So finally it’s been confirmed that bitcoin has finally bottomed out, as the digital asset has been able to print a new all time high. In a crypto YouTube session which is said that bitcoin falling wedge pattern suggests a bullish formation, Svenson who happens to the host of the program says that he doesn’t see the king crypto reaching selling price of $50k anytime soon.

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In he’s words he says that; It’s likely going to take Bitcoin a long time to get there and saying prices like $50,000 seem completely absurd to most people. But this is usually what Bitcoin does. It usually does the thing that you don’t think it’s going to do.

Well one thing I am pretty sure of is that the crypto market will prove them wrong as I have seen this happen several times, as it’s ain’t what the market says or it’s projection has seen by crypto analysts. With the current bitcoin adoption which is taking the center stage with financial institutions taking critical look into the crypto space, which they look out for opportunities which they could tap in from the appreciation of it’s market price will be something to be reckon with other assets in the same class.

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