Hi friends hope you are well, and welcome to the new update on Bitcoin. On a daily time frame Bitcoin has broken down a rising wedge pattern, but after breaking down a bullish engulfing candlestick has appeared with a price reversal signal, but so far the candle is not closed, if it will be closed in a bullish engulfing pattern then this signal will be confirmed. Now Bitcoin has formed another falling wedge pattern, therefore, for a confirmed price reversal, BTC also needs to breakout this wedge as well.
