Bitcoin’s (CRYPTO: BTC) 6% rally over the past seven days has technical analysts cautiously bullish about its near-term prospects.
What Happened: The apex cryptocurrency briefly tapped the $100,000 mark on Wednesday following cooler-than-expected inflation data but remains below the six-figure mark, trading around $97,600 at the time of writing.
Prominent technical analyst Kevin highlighted on Wednesday that Bitcoin remains in a falling wedge pattern, a bullish structure that necessitates caution until Bitcoin surpasses $104,000
“It’s not time to get overly bullish yet; there’s still a lot of work to do,” he noted.
Kevin also pointed out that Bitcoin’s dominance …
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