The Bitcoin price has continued on its consolidation path below the $99,000 price level, but investors remained determined to break above six digits. An analysis on the TradingView platform relays this bullish sentiment, with crypto analyst Waslad advising investors to hold onto their BTC.
BTC’s Bullish Setup Within A Broadening Wedge Pattern
As the analyst pointed out, the Bitcoin price has been trading in a broadening wedge pattern since early November. This technical structure has been highlighted by a series of higher highs and higher lows. Waslad’s analysis focuses on the movement of the BTC price within this broadening wedge pattern, with the target well beyond the $100,000 mark.
However, the analyst highlighted the $99,600 price level as the most significant obstacle preventing a $100,000 Bitcoin price. A successful breakout of this level would not only increase investor confidence but also set the stage for the…
