BTC Forms Huge Wedge Pattern


For months, Bitcoin's value has remained locked inside a range of $18,000 to $25,000.

It is trading sideways with exceptionally minimal volatility.

Given the market's current bearishness, the price may be rejected and make new annual lows.

The market will undoubtedly rise as a result of a massive short-squeeze event.

The perpetual futures market has a significant influence on Bitcoin's short-term value movement.

The Funding Rates indicate if futures traders are generally bullish.

Negative numbers indicate a pessimistic market attitude, whilst positive ones indicate a bullish market sentiment.