Bitcoin ascending broadening wedge pattern suggests downside risk, Quinten Francois points out

Bitcoin ascending broadening wedge pattern suggests downside risk, Quinten Francois points out
Bitcoin chart shows bearish wedge risk

Quinten Francois highlights that the current pattern forming on the bitcoin:native chart could be an ascending broadening wedge rather than an ascending channel.

According to Francois, this chart pattern is typically bearish, with historical odds of about 79 percent favoring a downward move.

Francois previously raised concerns about liquidity in the global bond market, suggesting that large-scale quantitative easing could be imminent. In another post, he noted that the S&P 500 gained $10 trillion in market cap over 29 days. Francois has tracked both traditional and crypto market shifts in recent commentary.

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