Bitcoin Breakout? 6 Charts Making the Bullish Case

Institutional Crypto Research Written by Experts

Author

10x Research
April 21, 2025

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Topics: Bitcoin Technical Analysis


👇1-6) Bitcoin appears to be breaking out of a downtrend channel, closely resembling the classic Falling Wedge pattern. This formation is characterized by two converging, downward-sloping trendlines and typically signals a bullish continuation or reversal, particularly when it forms during a corrective phase within a broader uptrend. A key feature of this pattern is a gradual decline in volume throughout the wedge, followed by a sharp increase upon breakout, confirming the move.

Bitcoin - breaking above the ‘falling wedge’ pattern

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